The industrial equilibrium exchange rate in Brazil
An Estimation
Bibliographic Data
| ID | 4368669 |
|---|---|
| Authors | Nelson Marconi (0000-0002-1399-5305, Getulio Vargas Foundation; Catholic University of São Paulo, corresponding author) |
| Year | 2012 |
| Volume | 32 |
| Issue | 4 |
| Pages | 656-669 |
| Publication date | 2012-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Brazilian Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0101-3157 • E-ISSN: 1809-4538 |
| Publisher | FapUNIFESP (SciELO) (PUBLISHER) |
| DOI | 10.1590/s0101-31572012000400007 |
| OpenAlex | W1963523684 |
| SCIELO_PID | S0101-31572012000400007 |
| Language | EN |
| Citations received | 21 |
| References cited | 4 |
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 competitive abroad. The first section highlights the causes and problems of overvalued exchange rates, particularly the Dutch disease issue, which is neutralized when the exchange rate strikes the industrial equilibrium level. This level is defined by the ratio between the unit labor cost in the country under consideration and in competing countries. Finally, the evolution of this exchange rate in the Brazilian economy is estimated
Competitive equilibrium · Economics · Estimation · Exchange rate · Macroeconomics · Microeconomics · Unit (ring theory · Economic Growth and Productivity · Economic Theory and Policy · Global trade and economics · Mathematics
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| Unique citing works | 21 |
|---|---|
| Citations per year | 1,62 |
| Citation span | 2013 - 2025 (13) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 20 |