| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29699 |
| 来源ID | Working Paper 29699 |
| Currency Undervaluation and Comparative Advantage | |
| Paul Bergin | |
| 发表日期 | 2022-01-31 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | This paper highlights a tradeoff implied by a policy of export-led growth through currency undervaluation. While undervaluation can foster domestic manufacturing in countries like China by sustaining trade surplus, it also can harm a country’s comparative advantage by altering the composition of exports. Undervaluation may discourage specializing in high-value added manufacturing and instead favor specialization in non-differentiated goods with higher price elasticity. A dynamic general equilibrium model of two traded good sectors and capital account restrictions shows that undervaluation can either raise or lower welfare depending on two competing effects on comparative advantage: agglomeration versus an elasticity effect. |
| 主题 | International Economics ; International Macroeconomics |
| URL | https://www.nber.org/papers/w29699 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587373 |
| 推荐引用方式 GB/T 7714 | Paul Bergin. Currency Undervaluation and Comparative Advantage. 2022. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29699.pdf（224KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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