PPP and the Balassa Samuelson Effect : The Role of the Distribution Sector

The Role of the Distribution Sector

PPP and the Balassa Samuelson Effect : The Role of the Distribution Sector
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... READ MORE...

Publication date: March 2001
ISBN 9781451845693
$15.00

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