Resumo

GABA, Ernesto  e  FALBO, Rodrigo. Política económica argentina y el sector agroindustrial. Estud. Econ. [online]. 2006, vol.23, n.47, pp. 7-18. ISSN 2525-1295.

We test an econometric model about the equilibrium real exchange rate, where the determinants are the relative productivities (Argentina & USA) of the transable and not transable sectors and the net external assets. The forecast shows that the equilibrium real exchange rate should be a 20% below its average level in 2004. This equilibrium level is high in order to encourage the exportation, including the agricultural exports.

Palavras-chave : Internacional trade; Foreign exchange; Agricultural export..