scholarly journals Real Exchange Rates, Income per Capita, and Sectoral Input Shares

2017 ◽  
Author(s):  
Javier Cravino ◽  
Samuel Haltenhof
2016 ◽  
Vol 23 (5) ◽  
pp. 921-940 ◽  
Author(s):  
Azmat Gani ◽  
Michael D. Clemes

This study examines the main determinants of international visitor arrivals in New Zealand in light of New Zealand’s major earthquakes in 2010 and 2011 as well as the global financial crisis of 2007. Our results provide strong evidence that visitor origin country per capita incomes, relative prices, real exchange rates, the distance between New Zealand and its main visitor origin countries and New Zealand’s record of good governance are statistically significant determinants of visitor arrivals to New Zealand. Our findings also reveal a negative but statistically insignificant effect of the earthquakes of 2010 and 2011on visitor arrivals to New Zealand. Our findings do not provide any significant regressive effect of the global financial crisis on visitor arrivals to New Zealand.


2019 ◽  
Vol 14 (2) ◽  
Author(s):  
Francisca Sestri Goestjahjanti

The purpose of this study is to analyze and assess the magnitude of simultaneously and partially influence of deposit interest and exchange rates to income per capita in Indonesia. This research used secondary data time series for 23 years since 1995 up to 2017. The study method used explanatory research to explain the causal relationship between the variables in a model through hypothesis test. The analyzes employed statistical technique of linear regression with the software E-Views 7 and SPSS-22.The results of the study showed that these variables time deposit rate and xchange rate are simultaneously and partially give significant effects to income percapita in Indonesia period 1995-2017 Keywords : Time deposit rate, Exchange rate, Income per Capita.


2020 ◽  
Vol 102 (1) ◽  
pp. 180-194 ◽  
Author(s):  
Javier Cravino ◽  
Sam Haltenhof

Aggregate price levels are positively related to GDP per capita across countries. We propose a mechanism that rationalizes this observation through sectoral differences in intermediate input shares. As productivity and income grow, so do wages relative to intermediate input prices, which increases the relative price of nontradables if tradable sectors use intermediate inputs more intensively. We show that sectoral differences in input intensities can account for about half of the observed elasticity of the aggregate price level with respect to GDP per capita. The mechanism has stark implications for industry-level real exchange rates that are strongly supported by the data.


2012 ◽  
Vol 11 (1) ◽  
pp. 42-87 ◽  
Author(s):  
Barry Eichengreen ◽  
Donghyun Park ◽  
Kwanho Shin

Using international data starting in 1957, we construct a sample of cases where fast-growing economies slow down. The evidence suggests that rapidly growing economies slow down significantly, in the sense that the growth rate downshifts by at least 2 percentage points, when their per capita incomes reach around US$ 17,000 in year-2005 constant international prices, a level that China should achieve by or soon after 2015. Among our more provocative findings is that growth slowdowns are more likely in countries that maintain undervalued real exchange rates.


2017 ◽  
Vol 6 (2) ◽  
Author(s):  
Veny Anindya Puspitasari

<p>The minimum wage is a macroeconomic issue that is still debated, Basically, the minimum wage policy aimed to protect workers, so that thet earn an adequate wages to finance the basic needs of their life. Practically, the minimum wage policy often encounters its purpose because it is regarged as miserable for those who have no expertise. This phenomenon is mainly happening in the low –avegrage- income countries that have many unskilled workers. Gahana, Indonesia, Costra Rica were used to be analyzed in this paper. According to International Water Association data year 2006, those countris earn income per capita less than US$ 9,200 and were categorized as low average – income countries. This research found that minimum wage impelentation in all three countries was not effective. When minimum wage policy was implemented, a lot of people felt aggrieved.</p><p>Keywords : Economic polict, Minimum wage, Income</p>


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