What Explains India's Real Appreciation? /

We examine the evolution of nontradable and tradable prices in the Indian economy over 1980-2002 and find widening differentials: the real exchange rate has been appreciating. This might seem unsurprising, since India's rapid per capita income growth suggests Balassa-Samuelson factors at play....

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Bibliographic Details
Main Author: Kohli, Renu
Other Authors: Mohapatra, Sudip
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2007.
Series:IMF Working Papers; Working Paper ; No. 2007/268
Online Access:Full text available on IMF

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