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Políticas de Empleo en Economías Semi-Industrializadas

Pacheco-López, Pénelope, Lopez Gallardo, Julio (2002) Políticas de Empleo en Economías Semi-Industrializadas. Revista de Economia Política, 22 (2). pp. 102-118. (KAR id:91581)


The main objective of this paper is to analyze economic policy options to foster economic growth and the absorption of unemployment in the short run in open semiindustrialized economies. We take into account the existence of idle capacity, and we postulate that at least part of these capacities could be put to use in the short run, stimulating output growth even as equilibrium in the trade balance is maintained. We emphasize the necessity to combine competitiveness of the real exchange with price stability and with a fair distribution of income. We thus propose to counterbalance the negative effects of an increase in the exchange rate on workers’ purchasing power, with compensation achieved either through direct subsidies or reduction in the Value Added Tax for basic goods. With two econometric exercises carried out for Brazil and Mexico we empirically analyze the basic hypothesis of this paper.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Divisions > Division of Human and Social Sciences > School of Economics
Depositing User: Penelope Pacheco-Lopez
Date Deposited: 15 Nov 2021 13:56 UTC
Last Modified: 16 Nov 2021 13:46 UTC
Resource URI: (The current URI for this page, for reference purposes)

University of Kent Author Information

Pacheco-López, Pénelope.

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