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The fallacy of composition and contractionary devaluations: output effects of real exchange rate shocks in semi-industrialised countries

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  • Robert A. Blecker
  • Arslan Razmi

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  • Robert A. Blecker & Arslan Razmi, 2008. "The fallacy of composition and contractionary devaluations: output effects of real exchange rate shocks in semi-industrialised countries," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 32(1), pages 83-109, January.
    • Handle: RePEc:oup:cambje:v:32:y:2008:i:1:p:83-109
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    File URL: http://hdl.handle.net/10.1093/cje/bem021
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    Cited by:

    1. Abdallah, Ali, 2022. "Dépréciation réelle de la monnaie et croissance économique [Can real currency depreciation lead growth?]," MPRA Paper 113183, University Library of Munich, Germany.
    2. Kohler, Karsten, 2019. "Exchange rate dynamics, balance sheet effects, and capital flows. A Minskyan model of emerging market boom-bust cycles," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 270-283.
    3. Son Thanh Nguyen, 2024. "Industrialization Process in Vietnam: 40 years of Economic Renovation," Studies on Russian Economic Development, Springer, vol. 35(6), pages 928-937, December.
    4. Manuel CANTAVELLA-JORDA & Sheila Amin GUTIERREZ DE PIÑERES, 2012. "A Cross-national Panel Study of Devaluations on Disaggregated Export Sectors: A Case for Sector Specific Policies," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 12(2).
    5. Robert A. Blecker & Arslan Razmi, 2010. "Export-led Growth, Real Exchange Rates and the Fallacy of Composition," Chapters, in: Mark Setterfield (ed.), Handbook of Alternative Theories of Economic Growth, chapter 19, Edward Elgar Publishing.
    6. Rafael Saulo Marques Ribeiro & John S. L. McCombie & Gilberto Tadeu Lima, 2017. "Some unpleasant currency-devaluation arithmetic in a post Keynesian macromodel," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 40(2), pages 145-167, April.
    7. Rudiger von Arnim & Daniele Tavani & Laura Barbosa de Carvalho, 2012. "Globalization as coordination failure: A Keynesian perspective," Working Papers 1202, New School for Social Research, Department of Economics.
    8. Rudiger Arnim & Daniele Tavani & Laura Carvalho, 2014. "Redistribution in a Neo-Kaleckian Two-country Model," Metroeconomica, Wiley Blackwell, vol. 65(3), pages 430-459, July.
    9. Nada Shokry & Mohamed Bouaddi, 2018. "Devaluation: Is it Contractionary or Expansionary to Economic Sectors? The Case of Egypt," Working Papers 1252, Economic Research Forum, revised 13 Nov 2018.
    10. Armon Rezai, 2011. "The Political Economy Implications of General Equilibrium Analysis in Open Economy Macro Models," Working Papers 1111, New School for Social Research, Department of Economics.
    11. Phouphet Kyophilavong & Muhammad Shahbaz & Thongphet Lamphayphan & Byoungki Kim & Michael C. S. Wong, 2019. "Are Devaluations Expansionary in Laos?," Global Business Review, International Management Institute, vol. 20(1), pages 72-83, February.
    12. Robert A. Blecker, 2015. "Integration, Productivity, and Inclusion in Mexico: A Macro Perspective," Working Papers 2015-06, American University, Department of Economics.
    13. Jan PRIEWE, 2016. "Eight Strategies for Development in Comparison," Turkish Economic Review, KSP Journals, vol. 3(3), pages 401-430, September.
    14. Bilge Erten, 2010. "Industrial Upgrading and Export Diversification: A Comparative Analysis of Economic Policies in Turkey and Malaysia," Working Papers id:2778, eSocialSciences.
    15. Keun Lee & Sanika Sulochani Ramanayake, 2018. "Adding-Up Problem and Wage–Productivity Gap in Exports of Developing Countries: A Source of the Middle-Income Trap," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 30(5), pages 769-788, December.
    16. Francisco A. Martínez-Hernández, 2016. "Real Exchange Rate, Effective Demand, and Economic Growth: Theory and Empirical Evidence for Developed and Developing Countries, 1960-2010," Working Papers 1609, New School for Social Research, Department of Economics.
    17. Robert A. Blecker, 2014. "Economic stagnation in the United States: underlying causes and global consequences," Brazilian Journal of Political Economy, Center of Political Economy, vol. 34(4), pages 689-725.
    18. Priewe, Jan, 2015. "Eight strategies for development in comparison," IPE Working Papers 53/2015, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    19. Lorenzo Nalin & Giuliano Toshiro Yajima, 2020. "Balance Sheet Effects of a Currency Devaluation: A Stock-Flow Consistent Framework for Mexico?," Economics Working Paper Archive wp_980, Levy Economics Institute.

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