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|z 9781451861327
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|a 1018-5941
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|a Loko, Boileau.
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|a Labor Productivity and Real Exchange Rate :
|b The Balassa-Samuelson Disconnect in the former Yugoslav Republic of Macedonia /
|c Boileau Loko, Anita Tuladhar.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2005.
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|a 1 online resource (21 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper seeks to investigate the transmission mechanisms linking productivity to the real exchange rate in the former Yugoslav Republic of Macedonia. At first glance, the stylized facts-low labor productivity growth and a trend real depreciation-suggest that a Balassa- Samuelson effect is in play. We find that the relationship between the two is not a result of the traditional Balassa-Samuelson effect. Instead, the depreciation of the real exchange rate reflects mainly the behavior of prices in the tradable sector. We argue that the depreciating real exchange rate may reflect a prolonged transition associated with slow technological growth and the low quality of the country's tradable-goods basket.
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|a Mode of access: Internet
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|a Tuladhar, Anita.
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|a IMF Working Papers; Working Paper ;
|v No. 2005/113
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2005/113/001.2005.issue-113-en.xml
|z IMF e-Library
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