The objective of this paper is to evaluate the role of the manufacturing sector in the
development process based on two laws of Kaldor. The first law states that the higher the …

The article empirically analyses the relationship between real exchange rate (RER) and
growth rate of output. We first estimate the effect of the index of RER undervaluation on the …

Purpose–The aim of this paper is to contribute to the literature on balance‐of‐payments‐
constrained growth by providing an innovative empirical evaluation of a disaggregated …

A motivação deste estudo é avaliar o potencial processo de desindustrialização precoce no
Brasil ou a redução da participação da manufatura no valor adicionado em níveis da renda …

Purpose Empirical studies regarding the impact of the real exchange rate (RER) on
economic growth are extensively available. However, the literature as a whole appears to …

This paper presents a methodology for calculating the industrial equilibrium exchange rate,
which is defined as the one enabling exporters of state-of-the-art manufactured goods to be …

This paper aims at showing that the level of the real exchange rate affects the rate of
economic growth. More specifically, we extend the model developed by Araujo and Lima …

Especially after the 2000s, many developing countries let exchange rates float and began
implementing inflation targeting (IT) regimes based on mainly manipulation of expectations …

A macrodynamic model is proposed in which the real exchange rate and the elasticity of
labour supply interact defining different trajectories of growth and income distribution in a …

We develop a dynamic model of capacity utilization and growth taking into account the
codetermination of international competitiveness (measured by the real exchange rate) and …