Competitive exchange rate, supply of skilled labor and infrastructure in a macrodynamics of economic growth

• Grant number: 13/19432-8
• Support Opportunities: Scholarships in Brazil - Master
• Start date: November 01, 2013
• End date: February 28, 2015
• Field of knowledge: Applied Social Sciences - Economics - Economic Theory
• Principal Investigator: Gilberto Tadeu Lima
• Grantee: Antonio Soares Martins Neto
• Host Institution: Faculdade de Economia, Administração e Contabilidade (FEA). Universidade de São Paulo (USP). São Paulo , SP, Brazil
• Associated scholarship(s): 14/01850-0 - Theoretical foundations and econometric specification of a macrodynamic model for exchange rate policy analysis, BE.EP.MS

Abstract

In the past few years the importance of a competitive real exchange rate (RER) as a requirement to the development of a country has been well documented. However, although a large amount of works pays attention to the short and long run relationship between the nominal and real exchange rates, there is not the same concern when discussing the set of policies that must go along with a higher, undervalued, RER, in a way that it achieves success. Since the duration of RER competitiveness must be large enough to provide incentives for the expansion of the tradable sector's activity, policies that provide and interrupt this sort of environment must be carefully thought. This paper intents to contribute in this subject by elaborating a formal model inspired mainly by Rapetti (2011) and Skott and Ros (1998) by adding elements relevant for the comprehension of infrastructural aspects and of human capital present in some of the most important developing countries. (AU)

Academic Publications

(References retrieved automatically from State of São Paulo Research Institutions)

MARTINS NETO, Antonio Soares. Competitive exchange rate and infrastructure in a macrodynamic of economic growth. 2015. Master's Dissertation - Universidade de São Paulo (USP). Faculdade de Economia, Administração e Contabilidade (FEA/SBD) São Paulo.