Missio, Fabrício; Jr, Frederico G. Jayme - Centro de Desenvolvimento e Planejamento Regional … - 2011
The aim of this paper is to demonstrate that, especially in developing countries, changes in the real exchange rate … devaluation of the real exchange rate affects an economy’s productive heterogeneity, by reducing its real wages. In addition, we …) approach, by demonstrating how variations in the real exchange rate alter the sectoral composition of the economy. In the final …