| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5083722 | International Review of Economics & Finance | 2013 | 16 Pages |
Abstract
⺠The paper analyses the consequences of learning by doing (LBD) in open economies. ⺠LDB implies that a country can increase its skill level by competitive devaluation. ⺠LDB substantially increases incentives to implement competitive devaluation. ⺠LBD increases the harmful effect of competitive devaluation on foreign output. ⺠LBD has qualitative consequences for the welfare effects of monetary policy.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Juha Tervala,