Real Effective Exchange Rate and the Constant Elasticity of Substitution Assumption

Real Effective Exchange Rate and the Constant Elasticity of Substitution Assumption
The real effective exchange rate is an aggregation of several bilateral real exchange rates with respect to other countries. The aggregation is usually done under the assumption of constant elasticity of substitution (CES) between products from different countries. We investigate the validity of this assumption by estimating manufacturing export... READ MORE...

Publication date: July 2000
ISBN 9781451855043
$15.00

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