[PDF] Top 20 ← Return to Article Details Real exchange rate and innovation: Empirical evidences

... of innovation. For the Evolutionaries, the innovation process is directly related to this ...According to Albuquerque (1996), a country’s NIs is an institutional structure that results from a ... See full document

... the rate of change of domestic output is a negative function of domestic inflation rate, since equation (16) refers to the de- mand side of the economy, even if it is restricted by the Balance of ... See full document

... (in real terms) in Brazil and in its main trading partners’ countries (on average) and the ratio between these ...relation to its partners until 2000, when the ratio stabilized and ... See full document

... stops and capital flight, beginning with the Asian crisis, one needs to consider also what hap- pened with the current ...the real led to an increase in current account deficits, the peak of ... See full document

... onward, exchange rate appreciation has played a dual role: it prevented inflation pressures and increased real ...words, exchange rate appreciation, which lasted for a relatively ... See full document

... flows and their effect on the real exchange ...related to the definition and measurement of expectations and of perceived risk, because they are very sensitive to ... See full document

... of real exchange rate in- stead of nominal exchange? and, also, with the purchasing power parity theory? These two concepts also refer to the value of the exchange ... See full document

... sible to check, a priori, any distinction in relation to the investment behavior of sectors with greater technological intensity in comparison with the sectors of low technological ...sensitive to ... See full document

... transitory and permanent components, after an analysis of stationarity and cointegration (Engle & Granger, (1987); Johansen, (1995); & Gonzalo and Granger, ...connected to the ... See full document

... difficult to implement. This is due to the fact that the existence of differential rent introduces an additional degree of freedom into the price system that renders the interaction among distributive ... See full document

... interest and intuitive ...bank rate is observed after ...third and fourth line carry the most important results of this paper: in the fixed rate period, it is worth noting that while inflation ... See full document

... câmbio real, o grau de utilização da capacidade instalada e a renda mundial (Goldstein e Khan, 1985; Senhadji e Montenegro, 1999; Gouvea e Lima, 2013; Abu-Lila, ...câmbio real, mas, também, das receitas ... See full document

... how to finance growth and in- vestments in technological ...conditioned and influenced by the understanding of the nature and sources of technical change, but also technological trajectories, ... See full document

... aims to study the relation between macroeconomics and development economics and to recommend economic policies seeking for higher life standards, full employ- ment and ... See full document

... was to manage the crisis in a pragmatic and heterodox way, using strategies that raised less resistance, in order to gain room for the state to maneuver without falling into ...recession. ... See full document

... Os dois pontos acima merecem comentários adicionais. O primeiro item re- mete à questão operacional da política monetária. Deve-se lembrar que a política é executada no curto prazo, e que o mundo real é dinâmico. ... See full document

... possible, to show the evolution of profit margins and profit rates in Brazil from the 1990s to the recent years and to compare them with the evolution of the real effective ... See full document

... arbitrariedades podem ocorrer com maior freqüência e a opacidade é a tônica na condução da política econômica. Conforme salientado por Arida (1999), a aber- tura democrática reduziu drasticamente a tolerância da ... See full document

... this article is to show that the achievement of a competitive level for real exchange rate is a necessary, although not sufficient condition for the catching-up of middle-income ... See full document

... Flexible exchange rate systems provide greater maneuverability for a country’s fiscal and monetary ...lead to fluctuations in the foreign- currency value of a government’s primary surplus, ... See full document