Real Exchange Rates in Developing Countries: Are Balassa-Samuelson Effects Present?
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Beteilige Person: Khan, Mohsin S. (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2004
Schriftenreihe:IMF Working Papers Working Paper No. 04/188
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http://elibrary.imf.org/view/IMF001/05562-9781451859591/05562-9781451859591/05562-9781451859591.xml
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http://elibrary.imf.org/view/IMF001/05562-9781451859591/05562-9781451859591/05562-9781451859591.xml
http://elibrary.imf.org/view/IMF001/05562-9781451859591/05562-9781451859591/05562-9781451859591.xml
http://elibrary.imf.org/view/IMF001/05562-9781451859591/05562-9781451859591/05562-9781451859591.xml
http://elibrary.imf.org/view/IMF001/05562-9781451859591/05562-9781451859591/05562-9781451859591.xml
http://elibrary.imf.org/view/IMF001/05562-9781451859591/05562-9781451859591/05562-9781451859591.xml
http://elibrary.imf.org/view/IMF001/05562-9781451859591/05562-9781451859591/05562-9781451859591.xml
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http://elibrary.imf.org/view/IMF001/05562-9781451859591/05562-9781451859591/05562-9781451859591.xml
Abstract:There is little empirical research on whether Balassa-Samuelson effects can explain the long-run behavior of real exchange rates in developing countries. This paper presents new evidence on this issue based on a panel data sample of 16 developing countries. The paper finds that the traded-nontraded productivity differential is a significant determinant of the relative price of nontraded goods, and the relative price in turn exerts a significant effect on the real exchange rate. The terms of trade also influence the real exchange rate. These results provide strong verification of Balassa-Samuelson effects for developing countries
Umfang:1 Online-Ressource (22 p)
ISBN:1451859597
9781451859591