PPP and the Balassa Samuelson Effect : The Role of the Distribution Sector /

This paper investigates the impact of the distribution sector on the real exchange rate, controlling for the Balassa-Samuelson effect, as well as other macro variables. Long-run coefficients are estimated using a panel dynamic OLS estimator. The main result is that an increase in the productivity an...

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Detalles Bibliográficos
Autor Principal: MacDonald, Ronald
Outros autores: Ricci, Luca
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2001.
Series:IMF Working Papers; Working Paper ; No. 2001/038
Acceso en liña:Full text available on IMF