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dc.contributor.authorMursagulov, Azar
dc.date.accessioned2014-03-04T16:21:51Z
dc.date.available2014-03-04T16:21:51Z
dc.date.issued2008-12
dc.identifier.othermursagulov_azar_200812_phd
dc.identifier.urihttp://purl.galileo.usg.edu/uga_etd/mursagulov_azar_200812_phd
dc.identifier.urihttp://hdl.handle.net/10724/25264
dc.description.abstractA dynamic dependent-economy model is developed to investigate the role of government infrastructure spending and productivity in determining the path of the real exchange rate. The analysis, which employs extensive numerical simulations, shows that government expenditure directed towards infrastructure and productivity enhancement in the traded sector leads to real exchange rate appreciation, whereas if directed to the non-traded sector results in depreciation of the real exchange rate. Different sources of financing the government expenditure have also been considered, including lump-sum and distortionary taxation. Welfare analysis does not yield any linear relationship between real exchange rate and welfare gains; however growth-welfare tradeoff is justified for an increase in the traded sector expenditure.
dc.languageeng
dc.publisheruga
dc.rightspublic
dc.subjectGovernment Spending
dc.subjectProductivity
dc.subjectTaxes
dc.subjectTwo-Sector Model
dc.subjectInfrastructure
dc.subjectReal Exchange Rate
dc.titleGovernment spending and real exchange rate dynamics
dc.typeDissertation
dc.description.degreePhD
dc.description.departmentEconomics
dc.description.majorEconomics
dc.description.advisorSantanu Chatterjee
dc.description.committeeSantanu Chatterjee
dc.description.committeeWarren Ronald S., Jr.
dc.description.committeeLastrapes William D.


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