Hidden Bibliographic Details
| Other authors / contributors: | Ricci, Luca Antonio.
International Monetary Fund. Research Department.
|
|---|
| ISBN: | 1281607827
9781281607829
1462374263
9781462374267
1452780552
9781452780559
1451893094
9781451893090
9786613788535
6613788538
|
|---|
| Notes: | Cover title.
"March 2001"--Page 1
Includes bibliographical references (pages 36-39).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2011.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2011 HathiTrust Digital Library committed to preserve
Print version record.
|
|---|
| Summary: | This paper investigates the impact of the distribution sector on the real exchange rate, controlling for the Balassa-Samuelson effect, as well as other macro variables. Long-run coefficients are estimated using a panel dynamic OLS estimator. The main result is that an increase in the productivity and competitiveness of the distribution sector with respect to foreign countries leads to an appreciation of the real exchange rate, similarly to what a relative increase in the domestic productivity of tradables does. This contrasts with the result that one would expect by considering the distribution sector as belonging to the non-tradable sector. One explanation may lie in the use of the services from the distribution sector in the tradable sector. Our results also contribute to explaining the so-called PPP puzzle.
|
|---|
| Other form: | Print version: MacDonald, Ronald, 1955- PPP and the Balassa Samuelson effect. [Washington, D.C.] : International Monetary Fund, Research Dept., ©2001
|
|---|
| Standard no.: | 10.5089/9781451893090.001
|
|---|
