Real Exchange Rates in Developing Countries : Are Balassa-Samuelson Effects Present? /

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Bibliographic Details
Author / Creator:	Khan, Mohsin S.
Imprint:	Washington, D.C. : International Monetary Fund, 2004.
Description:	1 online resource (22 pages)
Language:	English
Series:	IMF Working Papers, 2227-8885 ; Working Paper No. 04/188 IMF Working Papers ; Working Paper no. 04/188.
Subject:	Foreign exchange rates -- Developing countries -- Econometric models. Foreign exchange rates -- Econometric models. Foreign exchange rates -- Econometric models. Developing countries. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12501069

Hidden Bibliographic Details
Other authors / contributors:	Khan, Mohsin S. Choudhri, Ehsan U. International Monetary Fund.
ISBN:	1451904959 9781451904956 9781451904956
Notes:	Available in PDF, ePUB, and Mobi formats on the Internet.
Summary:	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.
Standard no.:	10.5089/9781451904956.001

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