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The Two-Sector Open Economy and the Real Exchange Rate
8 references·16 citing·41 second hop
The Two-Sector Open Economy and the Real Exchange Rate (2016)The Two-Sector Open Economy and the Real …An Economic Interpretation of Optimal Control Theory (1997)An Economic Interpretation of…External Debt, Budget Deficits and Disequilibrium Exchange Rates (1984)External Debt, Budget Deficit…Toward an explanation of national price levels (1983)Toward an explanation of nati…Real Interest Rates, Home Goods, and Optimal External Borrowing (1981)Real Interest Rates, Home Goo…Devaluation, Money, and Nontraded Goods (1973)Devaluation, Money, and Nontr…Public Investment, the Rate of Return, and Optimal Fiscal Policy. (1971)Public Investment, the Rate o…The Pure Theory of International Trade (1965)The Pure Theory of Internatio…Currency Depreciation, Income, and the Balance of Trade (1950)Currency Depreciation, Income…INTERTEMPORAL OPTIMIZING MODELS OF TRADE AND CURRENT ACCOUNT BALANCE: A SURVEY (2007)INTERTEMPORAL OPTIMIZING MODE…Real currency appreciation in accession countries: Balassa-Samuelson and investment demand (2004)Real currency appreciation in…Measurement of Productivity Changes: Two Malmquist Index Approaches (2001)Measurement of Productivity C…The Dependent‐Economy Model With Both Traded and Nontraded Capital Goods* (1994)The Dependent‐Economy Model W…Competitiveness Indicators (1994)Competitiveness IndicatorsCurrent Account and Budget Deficits in an Intertemporal Model of Consumption and Taxation Smoothing. A Solution to the "Feldstein-Horioka Puzzle"? (1988)Current Account and Budget De…Government spending and the real exchange rate (1987)Government spending and the r…Devaluation, Fiscal Deficits, and the Real Exchange Rate (1987)Devaluation, Fiscal Deficits,…Productivity shocks, non-traded goods and optimal capital accumulation (1986)Productivity shocks, non-trad…The Capital Inflows Problem Revisited: A Stylized Model of Southern Cone Disinflation (1985)The Capital Inflows Problem R…Chapter 18 Exchange-rate dynamics (1985)Chapter 18 Exchange-rate dyna…"Real" Effective Exchange Rate Indices: A Re-Examination of the Major Conceptual and Methodological Issues (Les indices de taux de change effectifs "reels": un reexamen des principales questions conceptuelles et methodologiques) (Indices de tipos de cambio efectivos "reales": reconsideracion de los principales aspectos conceptuales y metodologicos) (1983)"Real" Effective Exchange Rat…Project Appraisal and Foreign Exchange Constraints (1981)Project Appraisal and Foreign…A General Equilibrium Analysis of Foreign Exchange Shortages in a Developing Economy (1981)A General Equilibrium Analysi…Exchange-rate flexibility, inflation, and structural change (1979)Exchange-rate flexibility, in…Aspects of growth, structural change, and employment A schumpeterian perspective (1979)Aspects of growth, structural…A Mathematical Theory of Saving (1928)Theories of urban externalities (1980)The Pontryagin maximum principle and optimal economic growth problems (2007)The Accumulation of Capital (2010)Welfare and capital-theoretic foundations of corporate social responsibility and corporate sustainability (2010)A Note on the Impact of Devaluation and the Redistributive Effect (1963)Are Government Bonds Net Wealth? (1974)Economics and Consumer Behavior (1980)Foreign Borrowing and Capital Flight: A Formal Analysis (Emprunt exterieur et evasion de capitaux: analyse mathematique) (Endeudamiento externo y fuga de capitales: Un analisis formal) (1985)LESSONS FROM THE SOUTHERN CONE POLICY REFORMS (1987)The Political Economy of Economic Liberalization (1987)Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence (1978)On the Determination of the Public Debt (1979)Trends and random walks in macroeconmic time series (1982)Terms-of-Trade Disturbances and Fiscal Policy in a Small Open Economy (1993)Productivity Shocks, Budget Deficits and the Current Account (2005)Regional capital mobility in China: 1978–2006 (2011)Structural Change and Development Policy. (1981)Purchasing Power Parity in the Long Run: A Test of the Dollar/Pound Exchange Rate (1890-1978) (1987)Majoritarian Electoral Systems and Consumer Power: Price-Level Evidence from the OECD Countries (2002)The Emerging Middle Class in Developing Countries (2010)The Current Account and Macroeconomic Adjustment in the 1970s (1981)The Intertemporal Approach to the Current Account (1994)Chapter 34 The intertemporal approach to the current account (1995)The Transfer Problem Revisited: Net Foreign Assets and Real Exchange Rates (2000)The Structure of Simple General Equilibrium Models (1965)A Theory of Demand for Products Distinguished by Place of Production (Une theorie de la demande de produits differencies d'apres leur origine) (Una teoria de la demanda de productos distinguiendolos segun el lugar de produccion) (1969)Income and Price Elasticities in World Trade (1969)An assessment of three measures of competitiveness (1996)A Primeron the IMF's Information Notice System (1997)Export competitiveness patterns in Indian industries (2012)Price Behavior in the Light of Balance of Payments Theories (1977)Another look at the role of the industrial structure of markets for international diversification strategies1We are especially grateful to Pat Casey and Virge Cavalli at Dow Jones for providing the Dow Jones World Stock Index data and for their assistance with numerous queries. We gratefully acknowledge the comments of Geert Bekaert, William Brigham, Shane Corwin, Steve Foerster, Jeff Harris, Steve Heston, Ajay Khorana, David Mayers, John Persons, René Stulz, and particularly, the referee (Geert Rouwenhorst) and editor (John Long). We also thank participants at the University of Alberta, University of Toronto and Ohio State University, the 1996 UBC Global Investment Conference (Whistler), 1996 International Finance Conference (Georgia Tech), 1996 Western Finance Association Conference, and 1996 Financial Management Association Conference for helpful suggestions. Karolyi thanks the Dice Center for Financial Economics and the Social Sciences and Humanities Research Council of Canada for financial support.1 (1998)On the Yuan: The Choice between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate (2006)Dynamic Analysis of an Endogenous Growth Model with Public Capital (1993)Endogenous growth without scale effects (1998)Income Inequality is not Harmful for Growth: Theory and Evidence (1998)A Survey of the Theory of International Trade: Part 2, The Neo-Classical Theory (1965)Taxation and the Cost of Capital (1974)The Political Economy of the World Trading System (2009)Determinants of Malaysian Trade Balance: An ARDL Bound Testing Approach (2007)
this work references cited by second hop

References

  • 1971Public Investment, the Rate of Return, and Optimal Fiscal Policy.1,032 cited
  • 1950Currency Depreciation, Income, and the Balance of Trade471 cited
  • 1965The Pure Theory of International Trade291 cited
  • 1997An Economic Interpretation of Optimal Control Theory291 cited
  • 1973Devaluation, Money, and Nontraded Goods269 cited
  • 1981Real Interest Rates, Home Goods, and Optimal External Borrowing267 cited
  • 1983Toward an explanation of national price levels257 cited
  • 1984External Debt, Budget Deficits and Disequilibrium Exchange Rates162 cited

Cited by

  • 1988Current Account and Budget Deficits in an Intertemporal Model of Consumption and Taxation Smoothing. A Solution to the "Feldstein-Horioka Puzzle"?93 cited
  • 1994Competitiveness Indicators77 cited
  • 1981A General Equilibrium Analysis of Foreign Exchange Shortages in a Developing Economy73 cited
  • 1994The Dependent‐Economy Model With Both Traded and Nontraded Capital Goods*73 cited
  • 1985The Capital Inflows Problem Revisited: A Stylized Model of Southern Cone Disinflation70 cited
  • 1981Project Appraisal and Foreign Exchange Constraints68 cited
  • 1986Productivity shocks, non-traded goods and optimal capital accumulation

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67 cited
  • 1979Aspects of growth, structural change, and employment A schumpeterian perspective65 cited
  • 1987Devaluation, Fiscal Deficits, and the Real Exchange Rate57 cited
  • 2004Real currency appreciation in accession countries: Balassa-Samuelson and investment demand52 cited
  • 1983"Real" Effective Exchange Rate Indices: A Re-Examination of the Major Conceptual and Methodological Issues (Les indices de taux de change effectifs "reels": un reexamen des principales questions conceptuelles et methodologiques) (Indices de tipos de cambio efectivos "reales": reconsideracion de los principales aspectos conceptuales y metodologicos)51 cited
  • 2001Measurement of Productivity Changes: Two Malmquist Index Approaches50 cited
  • 1985Chapter 18 Exchange-rate dynamics49 cited
  • 1979Exchange-rate flexibility, inflation, and structural change36 cited
  • 1987Government spending and the real exchange rate36 cited
  • 2007INTERTEMPORAL OPTIMIZING MODELS OF TRADE AND CURRENT ACCOUNT BALANCE: A SURVEY36 cited