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Competitive exchange rate and infrastructure in a macrodynamic of economic growth

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Author(s):
Antonio Soares Martins Neto
Total Authors: 1
Document type: Master's Dissertation
Press: São Paulo.
Institution: Universidade de São Paulo (USP). Faculdade de Economia, Administração e Contabilidade (FEA/SBD)
Defense date:
Examining board members:
Gilberto Tadeu Lima; Laura Barbosa de Carvalho; Jose Gabriel Porcile Meirelles
Advisor: Gilberto Tadeu Lima
Abstract

We develop a dual open-economy model which incorporates infrastructure as a factor of production to investigate growth-enhancing effects of a competitive exchange rate policy under different levels of investment in infrastructure. It is suggested that a competitive exchange rate policy coordinated with an appropriate infrastructure policy should produce better results than the former policy alone. By increasing productivity in the tradable sector and by reducing inflationary pressures, this policy contributes to the success of an economic growth strategy led by a competitive currency (AU)

FAPESP's process: 13/19432-8 - Competitive exchange rate, supply of skilled labor and infrastructure in a macrodynamics of economic growth
Grantee:Antonio Soares Martins Neto
Support Opportunities: Scholarships in Brazil - Master