What Explains India's Real Appreciation?

What Explains India's Real Appreciation?
We examine the evolution of nontradable and tradable prices in the Indian economy over 1980-2002 and find widening differentials: the real exchange rate has been appreciating. This might seem unsurprising, since India's rapid per capita income growth suggests Balassa-Samuelson factors at play. However, after 1990, the tradable-nontradable labor... READ MORE...

Publication date: November 2007
ISBN 9781451868319
$18.00

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