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150128 ||| eng |
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|a 9781451859591
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100 |
1 |
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|a Khan, Mohsin
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245 |
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|a Real Exchange Rates In Developing Countries
|b Are Balassa-Samuelson Effects Present?
|c Mohsin Khan, Ehsan Choudhri
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2004
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300 |
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|a 22 pages
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651 |
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4 |
|a United States
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653 |
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|a Economic policy
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653 |
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|a Income
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653 |
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|a Terms of trade
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653 |
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|a Productivity
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653 |
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|a Industrial productivity
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653 |
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|a Skills
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653 |
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|a Currency
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653 |
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|a Exports and Imports
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653 |
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|a Aggregate Factor Income Distribution
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653 |
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|a International economics
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653 |
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|a Labor Productivity
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653 |
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|a Macroeconomics: Production
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653 |
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|a Foreign Exchange
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653 |
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|a Macroeconomics
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653 |
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|a Occupational Choice
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653 |
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|a Real exchange rates
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653 |
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|a Labor productivity
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653 |
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|a Empirical Studies of Trade
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653 |
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|a Human Capital
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653 |
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|a Foreign exchange
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653 |
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|a Nternational cooperation
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653 |
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|a Production and Operations Management
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700 |
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|a Choudhri, Ehsan
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041 |
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7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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|a IMF Working Papers
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028 |
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|a 10.5089/9781451859591.001
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856 |
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|u https://elibrary.imf.org/view/journals/001/2004/188/001.2004.issue-188-en.xml?cid=17741-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a 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
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