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Author: Ms.Martine Guerguil
Publisher: International Monetary Fund
ISBN: 1451847831
Category : Business & Economics
Languages : en
Pages : 28
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Book Description
This paper reviews the evolution of certain price and nonprice competitiveness indicators in Chile and concludes that the pecuniary loss of competitiveness associated with the appreciation of the peso since the late 1980s has been broadly offset by productivity gains and adjustments in factor intensity, particularly in the manufacturing sector. However, there may be limited room for further advances from that point, which gives new prominence to certain policy issues such as structural reforms to increase productivity, a reassessment of the tax treatment of the mining sector, and a rebalancing of the macroeconomic policy mix to dampen speculative capital inflows.
Author: Ms.Martine Guerguil
Publisher: International Monetary Fund
ISBN: 1451847831
Category : Business & Economics
Languages : en
Pages : 28
Get Book Here
Book Description
This paper reviews the evolution of certain price and nonprice competitiveness indicators in Chile and concludes that the pecuniary loss of competitiveness associated with the appreciation of the peso since the late 1980s has been broadly offset by productivity gains and adjustments in factor intensity, particularly in the manufacturing sector. However, there may be limited room for further advances from that point, which gives new prominence to certain policy issues such as structural reforms to increase productivity, a reassessment of the tax treatment of the mining sector, and a rebalancing of the macroeconomic policy mix to dampen speculative capital inflows.
Author: Martine Guerguil
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
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Book Description
This paper reviews the evolution of certain price and nonprice competitiveness indicators in Chile and concludes that the pecuniary loss of competitiveness associated with the appreciation of the peso since the late 1980s has been broadly offset by productivity gains and adjustments in factor intensity, particularly in the manufacturing sector. However, there may be limited room for further advances from that point, which gives new prominence to certain policy issues such as structural reforms to increase productivity, a reassessment of the tax treatment of the mining sector, and a rebalancing of the macroeconomic policy mix to dampen speculative capital inflows.
Author: Jorge Quiroz
Publisher:
ISBN:
Category : Foreign exchange administration
Languages : en
Pages : 68
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Book Description
Author: Peter J. Montiel
Publisher: United Nations Publications
ISBN: 9789211216530
Category : Political Science
Languages : en
Pages : 42
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Book Description
This publication presents an analysis of the evolution of the competitiveness in the traded goods sectors in six Latin American countries. It finds that the competitiveness of the nontraditional traded goods sector has evolved in different ways among these countries during recent years. Since the mid-1990s, it has stabilized in Argentina while improving in Bolivia, Chile, Paraguay, and Uruguay. Results for Brazil are ambiguous.
Author: José De Gregorio
Publisher:
ISBN:
Category : Chile
Languages : en
Pages : 56
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Book Description
Author: Felicitas Nowak-Lehmann D.
Publisher:
ISBN:
Category : Chile
Languages : en
Pages : 42
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Book Description
Author: Patricio Meller
Publisher: Paris, France : Development Centre of the Organisation for Economic Co-operation and Development ; [Washington, D.C. : OECD Publications and Information Centre
ISBN:
Category : Business & Economics
Languages : en
Pages : 108
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Book Description
Author: Steve Brito
Publisher: International Monetary Fund
ISBN: 1484356349
Category : Business & Economics
Languages : en
Pages : 21
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Book Description
We show that the response of firm-level investment to real exchange rate movements varies depending on the production structure of the economy. Firms in advanced economies and in emerging Asia increase investment when the domestic currency weakens, in line with the traditional Mundell-Fleming model. However, in other emerging market and developing economies, as well as some advanced economies with a low degree of structural economic complexity, corporate investment increases when the domestic currency strengthens. This result is consistent with Diaz Alejandro (1963)—in economies where capital goods are mostly imported, a stronger real exchange rate reduces investment costs for domestic firms.
Author:
Publisher:
ISBN:
Category : Chile
Languages : en
Pages : 172
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Book Description
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1451973608
Category : Business & Economics
Languages : en
Pages : 168
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Book Description
This paper presents international evidence on the determinants of trade dynamics. It provides some new empirical perspectives on the relationship between international trade and macroeconomic fluctuations in industrial economies. A comprehensive set of stylized facts concerning fluctuations in trade variables and their determinants is presented. A measure of the quantitative importance of international trade for the propagation of domestic business cycles is then constructed, focusing on the role of external trade as a catalyst for cyclical recoveries.
