Real exchange rate and innovation: empirical evidences
| Autor: | Marco Flávio da Cunha Resende, Keynis Cândido De Souto |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Macroeconomics
Sociology and Political Science lcsh:HB71-74 lcsh:Economics as a science Investment (macroeconomics) Real exchange rate economic growth Taxa de câmbio real inovação tecnológica Exchange rate technological innovation crescimento econômico Political Science and International Relations Economics Empirical evidence General Economics Econometrics and Finance Mechanism (sociology) |
| Zdroj: | Brazilian Journal of Political Economy v.38 n.2 2018 Revista de Economia Política EDITORA 34 instacron:EDITORA_34 Brazilian Journal of Political Economy, Vol 38, Iss 2, Pp 280-303 Brazilian Journal of Political Economy, Volume: 38, Issue: 2, Pages: 280-303, Published: JUN 2018 |
| Popis: | The recent debate on the determinants of the lung-run economic growth highlights the role of a competitive and stable real exchange rate to foster growth. In this debate, the works follow two approaches: theoretical and empirical. In the theoretical approach a considerable portion of the works points towards the innovation as a transmission mechanism of the real exchange rate effects on income. These works emphasize that the real exchange rate affects growth because of its impacts on the determinants of innovation, such as investment. Despite the theoretical debate, the focus of empirical works is on the analysis of the exchange rate effects on income while the relationship between exchange rate and innovation remains untapped. This article seeks to contribute to the literature by providing empirical evidence that supports the link between the real exchange rate and innovation. RESUMO O debate recente sobre os determinantes do crescimento econômico destaca o papel da taxa de câmbio real competitiva e estável para elevar o produto. Este debate tem duas abordagens: teórica e empírica. Alguns trabalhos teóricos apontam a inovação como um mecanismo de transmissão do efeito do câmbio real sobre a renda. Destacam que o câmbio real afeta o produto porque impacta diretamente os determinantes da inovação, como o investimento. Os estudos empíricos se concentram na análise da relação câmbio-produto e o link “câmbio-inovação” permanece inexplorado. Este trabalho busca contribuir para a literatura fornecendo evidências empíricas que confirmam a relação câmbio-inovação. |
| Databáze: | OpenAIRE |
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