Investimento e poupança na economia aberta de dois setores

Resumo

This Essay considers the transfer problem, from te point of view of optimum control policies and in a descentralized, perfectly competitive economy. The framework is an infinite-horizon, intertemporal optimizing growth model in a small, two-sector (tradeables and non-tradeables) open economy. We show that the optimal response to both favorable and adverse external economic shocks always includes a change in the level and/or allocation of aggregate investment, and in the savings rate. Higher transfers abroad lead to increased aggregate investment and lower savings, therefore to a larger current account deficit. It is also shown that an adverse change in the (external) terms of trade leads to higher levels of output and net exports of traded goods.

Ficha do documento

Tipo

Artigo científico

Ano

1986

Instituição

Universidade de São Paulo. Faculdade de Economia, Administração, Contabilidade e Atuária

Fonte

Estudos Econômicos

Idioma

Português

Acesso

Não informado

DOI

10.11606/1980-53571634ject

Identificador

oai:revistas.usp.br:article/157305

Licença

http://creativecommons.org/licenses/by-nc/4.0

Temas

Economia