Growth and the real exchange rate: the role of technology

Alejandro Márquez-Velázquez

doi:10.15446/cuad.econ.v42n90.98167

Publicado

2023-12-15

Growth and the real exchange rate: the role of technology

Crecimiento y tipo de cambio real: el rol de la tecnología

DOI:

https://doi.org/10.15446/cuad.econ.v42n90.98167

Palabras clave:

development macroeconomics, growth, technological capabilities, undervaluation (en)
macroeconomía del desarrollo, crecimiento, capacidades tecnológicas, subvaluación cambiaria (es)

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Autores/as

Alejandro Márquez-Velázquez Freie Universität Berlin https://orcid.org/0000-0003-3272-5834

Resumen (en)
Resumen (es)

The aim of this paper is to assess the stability of the impacts of real exchange rate undervaluation and domestic technological capabilities on growth across development levels. Panel regressions with development-level interactions are used to test the stability of these variables’ impact on growth. The results show that real undervaluation is a driver of growth across all development levels, once technological capabilities are accounted for; however, it is more important for developing and developed countries than for emerging countries.

Este artículo evalúa si los impactos de la subvaluación del tipo de cambio real y las capacidades tecnológicas nacionales sobre el crecimiento son estables en todos los niveles de desarrollo. Se utilizan regresiones de panel con interacciones a nivel de desarrollo para probar la estabilidad del impacto en el crecimiento de estas variables. Los resultados muestran que la subvaloración real es un motor de crecimiento en todos los niveles de desarrollo, una vez que se tienen en cuenta las capacidades tecnológicas; sin embargo, la subvaluación es más importante para los países desarrollados y en desarrollo que para los países emergentes.

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Cómo citar

APA

Márquez-Velázquez, A. (2024). Growth and the real exchange rate: the role of technology. Cuadernos de Economía, 42(90). https://doi.org/10.15446/cuad.econ.v42n90.98167

ACM

[1]

Márquez-Velázquez, A. 2024. Growth and the real exchange rate: the role of technology. Cuadernos de Economía. 42, 90 (may 2024). DOI:https://doi.org/10.15446/cuad.econ.v42n90.98167.

ACS

(1)

Márquez-Velázquez, A. Growth and the real exchange rate: the role of technology. Cuad. econ 2024, 42.

ABNT

MÁRQUEZ-VELÁZQUEZ, A. Growth and the real exchange rate: the role of technology. Cuadernos de Economía, [S. l.], v. 42, n. 90, 2024. DOI: 10.15446/cuad.econ.v42n90.98167. Disponível em: https://revistas.unal.edu.co/index.php/ceconomia/article/view/98167. Acesso em: 17 abr. 2025.

Chicago

Márquez-Velázquez, Alejandro. 2024. «Growth and the real exchange rate: the role of technology». Cuadernos De Economía 42 (90). https://doi.org/10.15446/cuad.econ.v42n90.98167.

Harvard

Márquez-Velázquez, A. (2024) «Growth and the real exchange rate: the role of technology», Cuadernos de Economía, 42(90). doi: 10.15446/cuad.econ.v42n90.98167.

IEEE

[1]

A. Márquez-Velázquez, «Growth and the real exchange rate: the role of technology», Cuad. econ, vol. 42, n.º 90, may 2024.

MLA

Márquez-Velázquez, A. «Growth and the real exchange rate: the role of technology». Cuadernos de Economía, vol. 42, n.º 90, mayo de 2024, doi:10.15446/cuad.econ.v42n90.98167.

Turabian

Márquez-Velázquez, Alejandro. «Growth and the real exchange rate: the role of technology». Cuadernos de Economía 42, no. 90 (mayo 15, 2024). Accedido abril 17, 2025. https://revistas.unal.edu.co/index.php/ceconomia/article/view/98167.

Vancouver

1.

Márquez-Velázquez A. Growth and the real exchange rate: the role of technology. Cuad. econ [Internet]. 15 de mayo de 2024 [citado 17 de abril de 2025];42(90). Disponible en: https://revistas.unal.edu.co/index.php/ceconomia/article/view/98167

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