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Regional Competitiveness And Economic Development: A Brief Review Of Modern Economic Literature

Author

Listed:
  • Darío Ezequiel Díaz

    (Universidad Gastón Dachary)

  • Betina Mabel Alvarez

    (Universidad Gastón Dachary)

  • Mirta Natalia Ojeda

    (Universidad Gastón Dachary)

Abstract

In this paper we study the effects of monetary policy in Argentina during post-convertibility using the VAR methodology under a non-recursive scheme, in order to adapt the structural model to the features of small and open economies such as Argentina. The results show that this identification strategy is effective in eliminating the so-called puzzles of monetary policy. In particular, this approach allows the effects of monetary shocks on the price level and the interest rate to be consistent with economic theory.

Suggested Citation

  • Darío Ezequiel Díaz & Betina Mabel Alvarez & Mirta Natalia Ojeda, 2020. "Regional Competitiveness And Economic Development: A Brief Review Of Modern Economic Literature," Revista de Economía Política de Buenos Aires, Universidad de Buenos Aires. Facultad de Ciencias Económicas., issue 20, pages 109-153, June.
    • Handle: RePEc:ake:repba1:y:2020:i:20:p:109-153
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    More about this item

    Keywords

    regional competitiveness; economic development; growth economic;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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