Real Exchange Rates in Growing Economies : How Strong Is the Role of the Nontradables Sector? /
This paper emphasizes the importance of total factor productivity (TFP) developments in the nontradables sector to quantitatively demonstrate that the time-honored Balassa-Samuelson hypothesis does not generally apply to episodes of economic growth. Though the Balassa- Samuelson hypothesis postulate...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2005.
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| Series: | IMF Working Papers; Working Paper ;
No. 2005/233 |
| Online Access: | Full text available on IMF |