<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0185-1667</journal-id>
<journal-title><![CDATA[Investigación económica]]></journal-title>
<abbrev-journal-title><![CDATA[Inv. Econ]]></abbrev-journal-title>
<issn>0185-1667</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Economía]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0185-16672024000200005</article-id>
<article-id pub-id-type="doi">10.22201/fe.01851667p.2024.328.87179</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Tipo de cambio real, innovación y crecimiento económico: un análisis comparativo para América Latina y Asia]]></article-title>
<article-title xml:lang="en"><![CDATA[Real Exchange Rate, Innovation and Economic Growth: A Comparative Analysis for Latin America and Asia]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Landa Díaz]]></surname>
<given-names><![CDATA[Heri Oscar]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Cerezo García]]></surname>
<given-names><![CDATA[Verónica]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma Metropolitana Departamento de Economía ]]></institution>
<addr-line><![CDATA[Iztapalapa Ciudad de México]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Nacional Autónoma de México Escuela Nacional de Estudios Superiores ]]></institution>
<addr-line><![CDATA[León ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2024</year>
</pub-date>
<volume>83</volume>
<numero>328</numero>
<fpage>5</fpage>
<lpage>30</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0185-16672024000200005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0185-16672024000200005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0185-16672024000200005&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN El objetivo de este trabajo es analizar el papel del tipo de cambio real, frente a la competitividad no precio, en la dinámica del producto. Con este fin, mediante un modelo panel de efectos fijos, estudiamos el impacto del tipo de cambio real, la productividad, el comercio y la inversión extranjera directa sobre el producto interno bruto (PIB) en 12 países de América Latina y 10 países de Asia durante el periodo 1990-2021. Específicamente, contrastamos si un tipo de cambio competitivo (subvaluado) genera efectos positivos sobre la tasa de crecimiento económico. Los principales resultados empíricos sugieren que: 1) las variaciones del tipo de cambio real crean efectos limitados y poco concluyentes sobre el PIB; 2) una mejora en la productividad y la competitividad generan una expansión de la dinámica económica; 3) la apertura económica tiene un impacto positivo, particularmente en los países de Asia, sobre el desempeño económico.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT The aim of this paper is to analyze the role of the real exchange rate, compared to non-price competitiveness, on the dynamics of the product. We study, through a fixed effects panel model, the impact of the real exchange rate, productivity, trade and Foreign Direct Investment on Gross Domestic Product (GDP) in 12 Latin American countries and 10 Asian countries during the period 1990-2021. Specifically, we test whether a competitive exchange rate (undervalued) generates positive effects on the economic growth rate. The main results suggest that: 1) variations in the real exchange rate generate limited and inconclusive effects on GDP; 2) an improvement in productivity and competitiveness generates an expansion of economic dynamics; 3) economic openness has a positive impact, particularly among Asian countries, on economic performance.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[tipo de cambio real]]></kwd>
<kwd lng="es"><![CDATA[innovación]]></kwd>
<kwd lng="es"><![CDATA[crecimiento económico]]></kwd>
<kwd lng="es"><![CDATA[modelo panel]]></kwd>
<kwd lng="en"><![CDATA[Real exchange rate]]></kwd>
<kwd lng="en"><![CDATA[innovation]]></kwd>
<kwd lng="en"><![CDATA[economic growth]]></kwd>
<kwd lng="en"><![CDATA[panel model]]></kwd>
</kwd-group>
</article-meta>
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