A Post-Kaleckian model with productivity growth and real exchange rate applied to selected Latin American countries
This paper aims to discuss the theory of productivity growth and its empirical applications, several authors emphasize the impact of real exchange rate devaluation on productivity. The main research question is: does the real exchange rate have a positive or negative impact on productivity growth? T...
Ausführliche Beschreibung
Autor*in: |
Alencar, Douglas Alcântara [verfasserIn] Jayme Júnior, Frederico Gonzaga [verfasserIn] Britto, Gustavo [verfasserIn] |
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Format: |
E-Artikel |
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Sprache: |
Englisch |
Erschienen: |
2021 |
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Rechteinformationen: |
Open Access Namensnennung - Nicht kommerziell - Keine Bearbeitungen 4.0 International ; CC BY-NC-ND 4.0 |
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Schlagwörter: |
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Übergeordnetes Werk: |
Enthalten in: PSL quarterly review - Roma : [Verlag nicht ermittelbar], 2008, 74(2021), 297 vom: Juni, Seite 127-146 |
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Übergeordnetes Werk: |
volume:74 ; year:2021 ; number:297 ; month:06 ; pages:127-146 |
Links: |
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DOI / URN: |
10.13133/2037-3643/16603 |
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Katalog-ID: |
1799749967 |
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10.13133/2037-3643/16603 doi (DE-627)1799749967 (DE-599)KXP1799749967 DE-627 ger DE-627 rda eng O11 O15 O41 jelc Alencar, Douglas Alcântara verfasserin (DE-588)1120023254 (DE-627)873144678 (DE-576)480093652 aut A Post-Kaleckian model with productivity growth and real exchange rate applied to selected Latin American countries Douglas Alencar, Frederico G. Jayme Jr and Gustavo Britto 2021 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier DE-206 Open Access Controlled Vocabulary for Access Rights http://purl.org/coar/access_right/c_abf2 This paper aims to discuss the theory of productivity growth and its empirical applications, several authors emphasize the impact of real exchange rate devaluation on productivity. The main research question is: does the real exchange rate have a positive or negative impact on productivity growth? The first step in answering this question is to discuss productivity growth in the context of demand regimes. The second step consists of an empirical experiment that estimates the productivity growth equation for a sample of Latin American countries. The overall outcome is that the Kaldor-Verdoorn coefficient is significant for all the analysed countries, Argentina, Brazil, Bolivia, Chile, Colombia, Mexico, Uruguay and Venezuela. Regarding the real exchange rate and this variable squared, the parameters are negative for all the countries, indicating that real exchange rate devaluation does not increase productivity growth. DE-206 Namensnennung - Nicht kommerziell - Keine Bearbeitungen 4.0 International CC BY-NC-ND 4.0 cc https://creativecommons.org/licenses/by-nc-nd/4.0/ Post-Kaleckian (dpeaa)DE-206 aggregate demand (dpeaa)DE-206 real exchange rate (dpeaa)DE-206 productivity (dpeaa)DE-206 real wages (dpeaa)DE-206 Jayme Júnior, Frederico Gonzaga verfasserin (DE-588)171132017 (DE-627)061301345 (DE-576)131950398 aut Britto, Gustavo verfasserin aut Enthalten in PSL quarterly review Roma : [Verlag nicht ermittelbar], 2008 74(2021), 297 vom: Juni, Seite 127-146 Online-Ressource (DE-627)727639803 (DE-600)2687037-X (DE-576)372567355 2037-3643 nnns volume:74 year:2021 number:297 month:06 pages:127-146 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/download/16603/16739/36163 Verlag kostenfrei https://doi.org/10.13133/2037-3643/16603 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_90 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2020 GBV_ILN_2026 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 74 2021 297 6 127-146 26 01 0206 4118791560 x1z 19-04-22 2403 01 DE-LFER 4132958582 00 --%%-- --%%-- n --%%-- l01 12-05-22 2403 01 DE-LFER https://doi.org/10.13133/2037-3643/16603 2403 01 DE-LFER https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/download/16603/16739/36163 |
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10.13133/2037-3643/16603 doi (DE-627)1799749967 (DE-599)KXP1799749967 DE-627 ger DE-627 rda eng O11 O15 O41 jelc Alencar, Douglas Alcântara verfasserin (DE-588)1120023254 (DE-627)873144678 (DE-576)480093652 aut A Post-Kaleckian model with productivity growth and real exchange rate applied to selected Latin American countries Douglas Alencar, Frederico G. Jayme Jr and Gustavo Britto 2021 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier DE-206 Open Access Controlled Vocabulary for Access Rights http://purl.org/coar/access_right/c_abf2 This paper aims to discuss the theory of productivity growth and its empirical applications, several authors emphasize the impact of real exchange rate devaluation on productivity. The main research question is: does the real exchange rate have a positive or negative impact on productivity growth? The first step in answering this question is to discuss productivity growth in the context of demand regimes. The second step consists of an empirical experiment that estimates the productivity growth equation for a sample of Latin American countries. The overall outcome is that the Kaldor-Verdoorn coefficient is significant for all the analysed countries, Argentina, Brazil, Bolivia, Chile, Colombia, Mexico, Uruguay and Venezuela. Regarding the real exchange rate and this variable squared, the parameters are negative for all the countries, indicating that real exchange rate devaluation does not increase productivity growth. DE-206 Namensnennung - Nicht kommerziell - Keine Bearbeitungen 4.0 International CC BY-NC-ND 4.0 cc https://creativecommons.org/licenses/by-nc-nd/4.0/ Post-Kaleckian (dpeaa)DE-206 aggregate demand (dpeaa)DE-206 real exchange rate (dpeaa)DE-206 productivity (dpeaa)DE-206 real wages (dpeaa)DE-206 Jayme Júnior, Frederico Gonzaga verfasserin (DE-588)171132017 (DE-627)061301345 (DE-576)131950398 aut Britto, Gustavo verfasserin aut Enthalten in PSL quarterly review Roma : [Verlag nicht ermittelbar], 2008 74(2021), 297 vom: Juni, Seite 127-146 Online-Ressource (DE-627)727639803 (DE-600)2687037-X (DE-576)372567355 2037-3643 nnns volume:74 year:2021 number:297 month:06 pages:127-146 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/download/16603/16739/36163 Verlag kostenfrei https://doi.org/10.13133/2037-3643/16603 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_90 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2020 GBV_ILN_2026 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 74 2021 297 6 127-146 26 01 0206 4118791560 x1z 19-04-22 2403 01 DE-LFER 4132958582 00 --%%-- --%%-- n --%%-- l01 12-05-22 2403 01 DE-LFER https://doi.org/10.13133/2037-3643/16603 2403 01 DE-LFER https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/download/16603/16739/36163 |
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10.13133/2037-3643/16603 doi (DE-627)1799749967 (DE-599)KXP1799749967 DE-627 ger DE-627 rda eng O11 O15 O41 jelc Alencar, Douglas Alcântara verfasserin (DE-588)1120023254 (DE-627)873144678 (DE-576)480093652 aut A Post-Kaleckian model with productivity growth and real exchange rate applied to selected Latin American countries Douglas Alencar, Frederico G. Jayme Jr and Gustavo Britto 2021 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier DE-206 Open Access Controlled Vocabulary for Access Rights http://purl.org/coar/access_right/c_abf2 This paper aims to discuss the theory of productivity growth and its empirical applications, several authors emphasize the impact of real exchange rate devaluation on productivity. The main research question is: does the real exchange rate have a positive or negative impact on productivity growth? The first step in answering this question is to discuss productivity growth in the context of demand regimes. The second step consists of an empirical experiment that estimates the productivity growth equation for a sample of Latin American countries. The overall outcome is that the Kaldor-Verdoorn coefficient is significant for all the analysed countries, Argentina, Brazil, Bolivia, Chile, Colombia, Mexico, Uruguay and Venezuela. Regarding the real exchange rate and this variable squared, the parameters are negative for all the countries, indicating that real exchange rate devaluation does not increase productivity growth. DE-206 Namensnennung - Nicht kommerziell - Keine Bearbeitungen 4.0 International CC BY-NC-ND 4.0 cc https://creativecommons.org/licenses/by-nc-nd/4.0/ Post-Kaleckian (dpeaa)DE-206 aggregate demand (dpeaa)DE-206 real exchange rate (dpeaa)DE-206 productivity (dpeaa)DE-206 real wages (dpeaa)DE-206 Jayme Júnior, Frederico Gonzaga verfasserin (DE-588)171132017 (DE-627)061301345 (DE-576)131950398 aut Britto, Gustavo verfasserin aut Enthalten in PSL quarterly review Roma : [Verlag nicht ermittelbar], 2008 74(2021), 297 vom: Juni, Seite 127-146 Online-Ressource (DE-627)727639803 (DE-600)2687037-X (DE-576)372567355 2037-3643 nnns volume:74 year:2021 number:297 month:06 pages:127-146 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/download/16603/16739/36163 Verlag kostenfrei https://doi.org/10.13133/2037-3643/16603 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_90 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2020 GBV_ILN_2026 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 74 2021 297 6 127-146 26 01 0206 4118791560 x1z 19-04-22 2403 01 DE-LFER 4132958582 00 --%%-- --%%-- n --%%-- l01 12-05-22 2403 01 DE-LFER https://doi.org/10.13133/2037-3643/16603 2403 01 DE-LFER https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/download/16603/16739/36163 |
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10.13133/2037-3643/16603 doi (DE-627)1799749967 (DE-599)KXP1799749967 DE-627 ger DE-627 rda eng O11 O15 O41 jelc Alencar, Douglas Alcântara verfasserin (DE-588)1120023254 (DE-627)873144678 (DE-576)480093652 aut A Post-Kaleckian model with productivity growth and real exchange rate applied to selected Latin American countries Douglas Alencar, Frederico G. Jayme Jr and Gustavo Britto 2021 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier DE-206 Open Access Controlled Vocabulary for Access Rights http://purl.org/coar/access_right/c_abf2 This paper aims to discuss the theory of productivity growth and its empirical applications, several authors emphasize the impact of real exchange rate devaluation on productivity. The main research question is: does the real exchange rate have a positive or negative impact on productivity growth? The first step in answering this question is to discuss productivity growth in the context of demand regimes. The second step consists of an empirical experiment that estimates the productivity growth equation for a sample of Latin American countries. The overall outcome is that the Kaldor-Verdoorn coefficient is significant for all the analysed countries, Argentina, Brazil, Bolivia, Chile, Colombia, Mexico, Uruguay and Venezuela. Regarding the real exchange rate and this variable squared, the parameters are negative for all the countries, indicating that real exchange rate devaluation does not increase productivity growth. DE-206 Namensnennung - Nicht kommerziell - Keine Bearbeitungen 4.0 International CC BY-NC-ND 4.0 cc https://creativecommons.org/licenses/by-nc-nd/4.0/ Post-Kaleckian (dpeaa)DE-206 aggregate demand (dpeaa)DE-206 real exchange rate (dpeaa)DE-206 productivity (dpeaa)DE-206 real wages (dpeaa)DE-206 Jayme Júnior, Frederico Gonzaga verfasserin (DE-588)171132017 (DE-627)061301345 (DE-576)131950398 aut Britto, Gustavo verfasserin aut Enthalten in PSL quarterly review Roma : [Verlag nicht ermittelbar], 2008 74(2021), 297 vom: Juni, Seite 127-146 Online-Ressource (DE-627)727639803 (DE-600)2687037-X (DE-576)372567355 2037-3643 nnns volume:74 year:2021 number:297 month:06 pages:127-146 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/download/16603/16739/36163 Verlag kostenfrei https://doi.org/10.13133/2037-3643/16603 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_90 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2020 GBV_ILN_2026 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 74 2021 297 6 127-146 26 01 0206 4118791560 x1z 19-04-22 2403 01 DE-LFER 4132958582 00 --%%-- --%%-- n --%%-- l01 12-05-22 2403 01 DE-LFER https://doi.org/10.13133/2037-3643/16603 2403 01 DE-LFER https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/download/16603/16739/36163 |
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A Post-Kaleckian model with productivity growth and real exchange rate applied to selected Latin American countries Douglas Alencar, Frederico G. Jayme Jr and Gustavo Britto |
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A Post-Kaleckian model with productivity growth and real exchange rate applied to selected Latin American countries |
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This paper aims to discuss the theory of productivity growth and its empirical applications, several authors emphasize the impact of real exchange rate devaluation on productivity. The main research question is: does the real exchange rate have a positive or negative impact on productivity growth? The first step in answering this question is to discuss productivity growth in the context of demand regimes. The second step consists of an empirical experiment that estimates the productivity growth equation for a sample of Latin American countries. The overall outcome is that the Kaldor-Verdoorn coefficient is significant for all the analysed countries, Argentina, Brazil, Bolivia, Chile, Colombia, Mexico, Uruguay and Venezuela. Regarding the real exchange rate and this variable squared, the parameters are negative for all the countries, indicating that real exchange rate devaluation does not increase productivity growth. |
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This paper aims to discuss the theory of productivity growth and its empirical applications, several authors emphasize the impact of real exchange rate devaluation on productivity. The main research question is: does the real exchange rate have a positive or negative impact on productivity growth? The first step in answering this question is to discuss productivity growth in the context of demand regimes. The second step consists of an empirical experiment that estimates the productivity growth equation for a sample of Latin American countries. The overall outcome is that the Kaldor-Verdoorn coefficient is significant for all the analysed countries, Argentina, Brazil, Bolivia, Chile, Colombia, Mexico, Uruguay and Venezuela. Regarding the real exchange rate and this variable squared, the parameters are negative for all the countries, indicating that real exchange rate devaluation does not increase productivity growth. |
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This paper aims to discuss the theory of productivity growth and its empirical applications, several authors emphasize the impact of real exchange rate devaluation on productivity. The main research question is: does the real exchange rate have a positive or negative impact on productivity growth? The first step in answering this question is to discuss productivity growth in the context of demand regimes. The second step consists of an empirical experiment that estimates the productivity growth equation for a sample of Latin American countries. The overall outcome is that the Kaldor-Verdoorn coefficient is significant for all the analysed countries, Argentina, Brazil, Bolivia, Chile, Colombia, Mexico, Uruguay and Venezuela. Regarding the real exchange rate and this variable squared, the parameters are negative for all the countries, indicating that real exchange rate devaluation does not increase productivity growth. |
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