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Políticas de empleo en economias semi-industrializadas

Author

Listed:
  • Julio López G.

    (Profesor de la Facultad de Economía de la Universidad Nacional Autónoma de México.)

  • Penélope Pacheco L.

    (Profesor de la Facultad de Economía de la Universidad Nacional Autónoma de México)

Abstract

The main objective of this paper is to analyze economic policy options to foster economic growth and the absorption of unemployment in the short run in open semi-industrialized economies. We take into account the existence of idle capacity, and we postulate that at least part of these capacities could be put to use in the short run, stimulating output growth even as equilibrium in the trade balance is maintained. We emphasize the necessity to combine competitiveness of the real exchange with price stability and with a fair distribution of income. We thus propose to counterbalance the negative effects of an increase in the exchange rate on workers’ purchasing power, with compensation achieved either through direct subsidies or reduction in the Value Added Tax for basic goods. With two econometric exercises carried out for Brazil and Mexico we empirically analyze the basic hypothesis of this paper. JEL Classification: E12; J0; L6.

Suggested Citation

  • Julio López G. & Penélope Pacheco L., 2002. "Políticas de empleo en economias semi-industrializadas," Brazilian Journal of Political Economy, Center of Political Economy, vol. 22(2), pages 297-315, April.
    • Handle: RePEc:ekm:repojs:v:22:y:2002:i:2:id:95837
    DOI: 10.1590/0101-31572002-1010
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    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • J0 - Labor and Demographic Economics - - General
    • L6 - Industrial Organization - - Industry Studies: Manufacturing

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