EconPapers    
Economics at your fingertips  
 

Taxa de câmbio, poupança e produtividade: impactos de curto e longo prazo

Paulo Gala () and Gilberto Libanio

Revista Economia e Sociedade, 2011, vol. 42, 14

Abstract: Exchange rates, savings and productivity: short and long-term impacts - The objective of this paper is to analyze, from a theoretical point of view, the relation between real exchange rates and economic development. The main hypothesis is very much in line with the Dutch disease literature and states that competitive currencies contribute to the existence and maintenance of the manufacturing sector in the economy. This, in turn, brings about higher growth rates in the long run, given the existence of increasing returns in the industrial sector and its importance in generating technological change and increasing productivity in the overall economy. We also show from a theoretical perspective how a competitive exchange rate can stimulate domestic savings by avoiding consumption booms based on currency overvaluation.

Keywords: Exchange rate; Savings; Investment; Economic development - Brazil. (search for similar items in EconPapers)
JEL-codes: F3 F4 O2 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.eco.unicamp.br/docprod/downarq.php?id=3140&tp=a (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:euc:ancoec:v:42:y:2011:p:229-242

Access Statistics for this article

More articles in Revista Economia e Sociedade from Instituto de Economia, Universidade Estadual de Campinas (UNICAMP) Contact information at EDIRC.
Bibliographic data for series maintained by Antonio Carlos Macedo e Silva ().

 
Page updated 2022-01-11
Handle: RePEc:euc:ancoec:v:42:y:2011:p:229-242