ZARZOSA VALDIVIA FERNANDO ENRIQUE
Congresos y reuniones científicas
Título:
Structural Real Exchange Rate and Sectoral shares in Argentina, Chile and Mexico
Lugar:
Mendoza
Reunión:
Congreso; XLIV REUNION ANUAL de la AAEP ( ASOCIACION ARGENTINA DE ECONOMIA POLITICA); 2009
Institución organizadora:
Universidad Nacional de Cuyo
Resumen:
A theoretical macro-model applied to Argentina, Chile and Mexico shows that exogenous productivity, labour endowments, FDI, terms of trade and debt shocks impact differently on each country?s SRER (structural real exchange rate, defined by the relative tradable to nontradable price) and sectoral shares to GDP.
Plus, our findings reveal Dutch disease effects resulting from productivity shocks in the Mexican and Argentinean manufacturing sectors and the Argentinean and Chilean terms of trade. Further, the evidence suggests that the collapse of the Argentinean exchange regime in the second quarter of 2002 depreciated its SRER by about 33% with an overshooting of 8%.
Plus, our findings reveal Dutch disease effects resulting from productivity shocks in the Mexican and Argentinean manufacturing sectors and the Argentinean and Chilean terms of trade. Further, the evidence suggests that the collapse of the Argentinean exchange regime in the second quarter of 2002 depreciated its SRER by about 33% with an overshooting of 8%.
