Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/324024 
Year of Publication: 
2020
Citation: 
[Journal:] PSL Quarterly Review [ISSN:] 2037-3643 [Volume:] 73 [Issue:] 292 [Year:] 2020 [Pages:] 51-75
Publisher: 
Associazione Economia civile, Rome
Abstract: 
This paper investigates the effects of manufacturing and of the real exchange rate (RER) on real per capita income growth. We use dynamic panel models and the calculation of output and employment multipliers for a diversified sample of countries from 1990 to 2011. Three important results can be highlighted. First, we provide new evidence that manufacturing is the most important tradable sector for achieving greater real per capita income growth for developing countries. Second, the greater a country's gap in relation to the technological frontier, the greater the positive effect of an undervalued RER on the real per capita incomegrowth rate. Finally, the manufacturing industry's output multipliers and employment multipliers in the developing countries are higher than those in in developed ones, in all years analyzed.
Subjects: 
Manufacturing
real exchange rate
economic growth
input-output multipliers
JEL: 
F43
L16
R15
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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