Real Exchange Rate, Employment and productive asymmetries in Argentina.

A case for Argentine jurisdictions

Authors

  • Julian Pierino Pedrazzi Universidad Nacional de La Plata
  • Deborah Noguera LESET-IdIHCS/CONICET-UNLP

Abstract

In this article we argue that productive asymmetries in the existing jurisdictions in the country give rise to different patterns of specialization and insertion in the international market, affecting the dynamics of employment in each of the sub-national states. These differences in the sectorial composition of the productive sector and in its export orientation mean that the effects of fluctuations in the real exchange rate (RER) on employment are not symmetrical, but depend on the productive structure of each jurisdiction. In particular, using a panel methodology for the 24 sub-national states of Argentina and 5 productive sectors in the period 2004-2017, the results suggest that there is a negative effect of the TCR on the employment of the different productive sectors, which is partly compensated in those sectors with greater export orientation in the province. These results are maintained when we incorporate controls at national and provincial level.

Keywords: real exchange rate; employment; productive structure; Argentina; panel data.

JEL codes: O24; E24; O54

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CEC 12

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Published

2020-07-01

How to Cite

Pedrazzi, J. P., & Noguera, D. (2020). Real Exchange Rate, Employment and productive asymmetries in Argentina.: A case for Argentine jurisdictions. Cuadernos De Economía Crítica, 6(12), 17-43. Retrieved from https://sociedadeconomiacritica.org/ojs/index.php/cec/article/view/159

Issue

Vol. 6 No. 12 (2020): Numero 12

Section

Artículos

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