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| Author: | Kamas, L. |
| Title: | Devaluation, national output and the trade balance: some evidence from Colombia |
| Journal: | Weltwirtschaftliches Archiv
1992 : VOL. 128:3, p. 425-445 |
| Index terms: | INTERNATIONAL TRADE DEVALUATION COLOMBIA |
| Language: | eng |
| Abstract: | On a small macroeconomic model estimated with Columbian data the possibility of devaluation causing recession is investigated. If the short term elasticity between capital and labour is low and wages react strongly to devaluation, devaluation might have a short term contracting effect on total output. |
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