European Parliament Library

Real Exchange Rates in Growing Economies :, How Strong Is the Role of the Nontradables Sector?, Ken Miyajima

Abstract
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 postulates that strong economic growth should, in general, be accompanied by a real appreciation in exchange rates, this paper does not find such systematic links. This is because some growth spurts are marked by equal TFP gains in both the tradables and nontradables sectors, and others by larger TFP gains in the nontradables sector
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. EVIDENCE""; ""III. THEORETICAL FRAMEWORK""; ""IV. DATA""; ""V. ESTIMATION RESULTS""; ""VI. FINAL REMARK""; ""REFERENCES""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (35 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452706771

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