Effects of Productive Heterogeneity and Different Exchange Rate Schemes on the Employment Cycle in Argentina

Authors

  • Ana Gárriz National University of La Plata, Argentina
  • Demian Panigo Center for Labor Studies and Research (CEIL-PIETTE, CONICET); University of Buenos Aires, Argentina; National University of La Plata, Argentina
  • Pablo Chena Center for Labor Studies and Research (CEIL-PIETTE, CONICET); National University of La Plata, Argentina

Keywords:

Alternative Demand Regimes, Argentina, Dynamic Models, Employment Cycle, Exchange Rate Schemes, Unbalanced Economic Structure

Abstract

The main objective of this article is to examine the effects of exchange rate schemes, demand regimes and the productive structure on the cyclical volatility of employment in Argentina during the last two decades. The main contribution of the research lies in the theoretical development of a series of dynamic models that draw on different heterodox schools of thought (according to the definition of Foley and Taylor, 2004), to account for the cyclical characteristics of employment that result from the combination of an unbalanced productive structure with the investment accelerator, the Keynesian multiplier, distributive conflict, and open economy adjustment channels (trade and financial).

JEL classification: C3 ; C62 ; E32 y F41

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Published

2010-09-01

How to Cite

Gárriz, A., Panigo, D. and Chena, P. (2010) “Effects of Productive Heterogeneity and Different Exchange Rate Schemes on the Employment Cycle in Argentina”, Ensayos Económicos, (59), pp. 81–130. available at: https://investigacionesconomicas.bcra.gob.ar/ensayos_economicos_bcra/article/view/296 (accessed: 30 April 2025).

Issue

No. 59 (2010): Ensayos Económicos

Section

Articles