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Comentarios al ensayo de Ricardo Ffrench-Davis y Manuel Marfán

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  • Palerm, Ángel

Abstract

El ensayo de Ffrench-Davis y Marfán aporta un análisis de las consecuencias de una contracción excesiva de la demanda. Señalan los autores que se ha prestado muy poca atención al cambio del gasto y otras políticas discriminatorias que podrían reducir la contracción del producto necesaria para efectuar la transferencia extranjera asociada al pago de la deuda. En consecuencia, proponen el uso de instrumentos de política fiscal para realizar el cambio del gasto entre los bienes de comercio exterior y los de mercado interno. Es posible que la redución observada en el producto haya sido el resultado de una deficiente demanda agregada. Sin embargo surgen algunas dudas. La reducción podría deberse a una disminución del producto potencial definido de alguna manera. Examinaré esta posibildad más adelante. concediendo que por lo menos una parte de la reducción se haya debido a la deficiencia de la demanda surge el primer interrogante: ¿qué factores han impedido el ajuste adecuado? Me parece que el argumento de Ffrench-Davis y Marfán es poco claro sobre este punto...

Suggested Citation

  • Palerm, Ángel, 1989. "Comentarios al ensayo de Ricardo Ffrench-Davis y Manuel Marfán," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(número es), pages 142-146, julio.
  • Handle: RePEc:elt:journl:v:56:y:1989:i:e1989:p:142-146
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    References listed on IDEAS

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    1. Dixit, Avinash K. & Grossman, Gene M., 1986. "Targeted export promotion with several oligopolistic industries," Journal of International Economics, Elsevier, vol. 21(3-4), pages 233-249, November.
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    3. Mortimore, Michael, 1999. "Industrialización a base de confecciones en la Cuenca del Caribe: ¿un tejido raído?," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    4. Qiu, Larry D, 1995. "Strategic Trade Policy under Uncertainty," Review of International Economics, Wiley Blackwell, vol. 3(1), pages 75-85, February.
    5. Brander, James A. & Spencer, Barbara J., 1985. "Export subsidies and international market share rivalry," Journal of International Economics, Elsevier, pages 83-100.
    6. Caglayan, Mustafa, 2000. "Uncertainty Resolution and Strategic Trade Policy in Oligopolistic Industries," Review of International Economics, Wiley Blackwell, vol. 8(2), pages 311-318, May.
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