Real exchange rate and structural change in a Kaldorian balance of payments constrained growth model
ABSTRACT The objective of the present article is to develop a Kaldorian Growth model that (i) had a balance of payments constraint, in order to eliminate the inconsistency of balance of payments growth models; and (ii) defines a precise mechanism by which the level of real exchange rate can affect l...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Editora 34
2018-03-01
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| Series: | Brazilian Journal of Political Economy |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572018000100048&lng=en&tlng=en |