The real exchange rate and external constraint: a re-reading proposal with endogenous elasticity

Vol. 33 No. 1 (2013)

Jan-Mar / 2013
Published January 1, 2013
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Ribeiro Ferrari, Marcos Adolfo, Fabio Neves Freitas, and Nelson Henrique Barbosa Filho. 2013. “The Real Exchange Rate and External Constraint: A Re-Reading Proposal With Endogenous Elasticity”. Brazilian Journal of Political Economy 33 (1):60-81. https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/301.

The real exchange rate and external constraint: a re-reading proposal with endogenous elasticity

Marcos Adolfo Ribeiro Ferrari
Professor do Instituto Federal do Espírito Santo IFES.
Fabio Neves Freitas
Professor do Instituto de Economia da Universidade Federal do Rio de Janeiro IE/UFRJ.
Nelson Henrique Barbosa Filho
Professor do Instituto de Economia da Universidade Federal do Rio de Janeiro IE/UFRJ.
Brazilian Journal of Political Economy, Vol. 33 No. 1 (2013), Jan-Mar / 2013, Pages 60-81

Abstract

This paper investigates a topic of the agenda about growth models, emphasizing the elaboration of an external constrained model with endogenous elasticity, with an emphasis on real exchange rate level as main tool for the economic development. The model is anchored in Kaldor, Thirlwall and Barbosa Filho’s models and it will demonstrate that external constraint changes in the course of time.

JEL Classification: F41; F43.


Keywords: balance of payments constraint elasticities and real exchange rate