TY  - DATA
AU  - Dvoskin,Ariel
AU  - Ianni,Guido
AU  - Feldman,Germán D.
TI  - On the role of the exchange rate as a tool for industrial competitiveness = Sobre o papel da taxa de câmbio como ferramenta de competitividade industrial
PY  - 2020///
CY  - [Brazilian] : 
PB  - Brazilian Journal of Political Economy
KW  - mpirdes
KW  - ECONOMIA
KW  - unescot
KW  - TIPO DE CAMBIO
KW  - COMPETITIVIDAD
KW  - INDUSTRIA
N2  - By means of a two-tradable-sector model for an open, price-taking economy inspired by the Classical-Sraffian tradition, which conceives the pattern of trade as a technical choice problem, we examine some difficulties with the recourse to exchange-rate policy as a tool to promote sectorial competitiveness. To this aim, we distinguish among economies that only produce manufactures from those in which the most profitable sector exploits natural resources under conditions of differential rent. We show that, when both tradable sectors
produce industrial goods, conventional devaluation does not generally allow one domestic sector to reach international competitiveness without damaging the other. While when the
prevailing sector operates under conditions of differential rent, even though the development of a new sector – by setting the exchange rate at its “industrial-equilibrium” level – is pos-
sible, this requires that the policymaker determines the effect of changes in the exchange rate,both in direction and magnitude, on the other distributive variables
UR  - https://unmcloud.unm.edu.ar/index.php/s/ZJFLGGjRRfjXHFx
ER  -