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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Бібліографічні деталі
Автор: MacDonald, Ronald
Інші автори: Ricci, Luca
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2001.
Серія:IMF Working Papers; Working Paper ; No. 2001/038
Онлайн доступ:Full text available on IMF