Year: 2009
Type: article
Abstract: ABSTRACT The paper investigates the emergence of alternative growth, distribution and real exchange rate patterns as outcomes of institutional and socio‐economic interactions between broadly defined actors in an export‐oriented economy. The focus is on both the long‐run configuration and short‐run dynamics of the real exchange rate, the profit and wage shares, output growth, capacity utilization, and net foreign asset accumulation in a stock‐flow consistent framework with fiscal polices affecting the internal and external equilibrium. Fluctuations in output and distribution between income shares and the real exchange rate are obtained via Structuralist‐Goodwin dynamics.
Source: Metroeconomica
Author: Massimiliano La Marca
Institution: United Nations Conference on Trade and Development
Language: English
Topic: Economic Theory and Policy
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W2168373347