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relationship between the concentration of exports in commodities and appreciation of the real exchange rate. We constructed an …
Persistent link: https://www.econbiz.de/10011372184
relationship between the concentration of exports in commodities and appreciation of the real exchange rate. We constructed an …
Persistent link: https://www.econbiz.de/10010403982
In countries where per capita income is high the price level is higher than the level observed in countries where per capita income is low. This phenomenon is associated with real exchange rate appreciation in the rich countries and with the real exchange rate depreciation in the poor countries,...
Persistent link: https://www.econbiz.de/10004968692
The theoretical and empirical international trade literature suggests that there is long-term valuation/devaluation of the real exchange rate in the developed/undeveloped economies. We argue that the real exchange rate is affected by: i) intercountry differentials of the services sector...
Persistent link: https://www.econbiz.de/10004989663
This paper aims to estimate the equilibrium real exchange rate for the Brazilian economy. The equilibrium exchange rate is defined as the level of exchange that guarantees that the net foreign asset position is stable over time. An econometric model is estimated using cointegration techniques....
Persistent link: https://www.econbiz.de/10009314554
prices on foreign trade flows are then analyzed by estimating models of demand for imports and supply and demand for exports … determined by income behavior, while demand for Brazilian exports is mainly drived by foreign income behavior - except in … manufactured goods, for which the relative-price effect was more relevant. The supply of exports appears to be driven mainly by …
Persistent link: https://www.econbiz.de/10011372280
GDP if income elasticity of exports is a function of real exchange rate. In other words, a real exchange rate appreciation …-neutral in the long-run. In this setting we argue that a monetary policy that induces growth must seek to minimize the volatility …
Persistent link: https://www.econbiz.de/10005526979
prices on foreign trade flows are then analyzed by estimating models of demand for imports and supply and demand for exports … determined by income behavior, while demand for Brazilian exports is mainly drived by foreign income behavior – except in … manufactured goods, for which the relative-price effect was more relevant. The supply of exports appears to be driven mainly by …
Persistent link: https://www.econbiz.de/10010405409
the Innovation Sector Funds, managed by the Ministério da Ciência, Tecnologia e Inovação (MCTI). The main objective of … United States of America's systems of support to the research and innovation. The study identified 1,893 research projects in …
Persistent link: https://www.econbiz.de/10011372234
Technology appropriation in knowledge economy: innovation and intellectual property in Latin American software industry … Intellectual property rights aim at providing incentives for innovation, but can also constitute a burden for technological … discussed based on their efficiency in stimulating information technologies innovation and diffusion. The methodology adopted …
Persistent link: https://www.econbiz.de/10008497795