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Exchange rate, international prices and export taxes in a structuralist macroeconomic model

Author

Listed:
  • Andrés Asiain

    (Profesor de crecimiento económico e investigador de la Facultad de Ciencias Económicas de la Universidad de Buenos Aires (FCE-UBA), Centro Cultural de la Cooperación (CCCoop), CABA, Argentina y Centro de Estudios y Monitoreo de las Pólíticas Públicas (CEMOP): Alsina 1586 5º 9 (C1088AAN) CABA, Argentina.)

Abstract

The following article focus on a structuralist macroeconomic model of two different sectors: one is export oriented and based on commodities; and a second one based on industrial production for the domestic market. The analysis follows on considering the impact on returns, production and the fiscal budget, and the balance of payments of three scenarios: increase of commodities prices internationally, currency devaluation, and the impact of taxation on exports.

Suggested Citation

  • Andrés Asiain, 2010. "Exchange rate, international prices and export taxes in a structuralist macroeconomic model," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 35(29), pages 57-78, January-j.
    • Handle: RePEc:ula:econom:v:35:y:2010:i:29:p:57-78
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    References listed on IDEAS

    as
    1. Roberto Frenkel & Lance Taylor, 2006. "Real Exchange Rate, Monetary Policy and Employment," Working Papers 19, United Nations, Department of Economics and Social Affairs.
    2. Feenstra, Robert C., 1995. "Estimating the effects of trade policy," Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 30, pages 1553-1595, Elsevier.
    3. Frenkel, Roberto & Ros, Jaime, 2006. "Unemployment and the real exchange rate in Latin America," World Development, Elsevier, vol. 34(4), pages 631-646, April.
    4. Dani Rodrik, 2008. "The Real Exchange Rate and Economic Growth," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 39(2 (Fall)), pages 365-439.
    5. Paul Krugman, 1999. "Balance Sheets, the Transfer Problem, and Financial Crises," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 6(4), pages 459-472, November.
    6. Feenstra, Robert C., 1995. "Estimating the effects of trade policy," Handbook of International Economics,in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 30, pages 1553-1595 Elsevier.
    7. Jeffrey A. Frankel, 2010. "A Comparison of Monetary Anchor Options, Including Product Price Targeting, for Commodity-Exporters in Latin America," NBER Working Papers 16362, National Bureau of Economic Research, Inc.
    8. Froot, Kenneth A. & Rogoff, Kenneth, 1995. "Perspectives on PPP and long-run real exchange rates," Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 32, pages 1647-1688, Elsevier.
    9. G. M. Grossman & K. Rogoff (ed.), 1995. "Handbook of International Economics," Handbook of International Economics, Elsevier, edition 1, volume 3, number 3.
    10. Arslan Razmi & Martin Rapetti & Peter Skott, 2009. "The Real Exchange Rate as an Instrument of Development Policy," UMASS Amherst Economics Working Papers 2009-07, University of Massachusetts Amherst, Department of Economics.
    11. Barry Eichengreen, 2008. "The Real Exchange Rate and Economic Growth," World Bank Publications - Books, The World Bank Group, number 28013, December.
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    More about this item

    Keywords

    Exchange rate; international price; export taxes; structuralism.;
    All these keywords.

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)

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