Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/324047 
Year of Publication: 
2021
Citation: 
[Journal:] PSL Quarterly Review [ISSN:] 2037-3643 [Volume:] 74 [Issue:] 297 [Year:] 2021 [Pages:] 127-146
Publisher: 
Associazione Economia civile, Rome
Abstract: 
This paper aims to discuss the theory of productivity growth and its empirical applications, several authors emphasize the impact of real exchange rate devaluation on productivity. The main research question is: does the real exchange rate have a positive or negative impact on productivity growth? The first step in answering this question is to discuss productivity growth in the context of demand regimes. The second step consists of an empirical experiment that estimates the productivity growth equation for a sample of Latin American countries. The overall outcome is that the Kaldor-Verdoorn coefficient is significant for all the analysed countries, Argentina, Brazil, Bolivia, Chile, Colombia, Mexico, Uruguay and Venezuela. Regarding the real exchange rate and this variable squared, the parameters are negative for all the countries, indicating that real exchange rate devaluation does not increase productivity growth.
Subjects: 
Post-Kaleckian
aggregate demand
real exchange rate
productivity
real wages
JEL: 
O11
O15
O41
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.