| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 963176 | Journal of International Economics | 2011 | 12 Pages |
Abstract
⺠We identify sources of real appreciation and labor reallocation in emerging markets. ⺠We use a two-sector neoclassical growth model of a small open economy. ⺠One source is the decline in the real interest rate faced in international markets. ⺠Another source is differential TFP growth across tradable and non-tradable sectors. ⺠The interest rate channel proves to be quantitatively the most important.
Related Topics
Social Sciences and Humanities
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Economics and Econometrics
Authors
Felipe Meza, Carlos Urrutia,