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El precio relativo de los bienes no transables, absorción y la política cambiaria en Chile, 1974-1982

Listed author(s):
  • Guillermo Le Fort

Se examinan los efectos empíricos de la política cambiaria y de variaciones en la absorción, sobre el precio relativo de los bienes no transables en Chile. Se testean tres teorías alternativas de determinación de precios relativos en una economía en desarrollo: paridad poder de compra, factores específicos a un sector y salarios pegajosos. Los resultados de la estimación obtenidos, utilizando métodos tanto clásicos como bayesianos, favorecen la teoría de salarios pegajosos. Así, mientras los salarios del sector público no estén completamente indexados, una devaluación tendrá efectos perdurables en el precio de los bienes no-transables.

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Article provided by University of Chile, Department of Economics in its journal Estudios de Economia.

Volume (Year): 16 (1989)
Issue (Month): 1 Year 1989 (June)
Pages: 71-114

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Handle: RePEc:udc:esteco:v:16:y:1989:i:1:p:71-114
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  1. Corden, W Max & Neary, J Peter, 1982. "Booming Sector and De-Industrialisation in a Small Open Economy," Economic Journal, Royal Economic Society, vol. 92(368), pages 825-848, December.
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