=+19. Can you think of any forces that might help bring about long-run PPP for nontradable goods?
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=+19. Can you think of any forces that might help bring about long-run PPP for nontradable goods? (It will help a bit here if you have understood the discussion in Chapter 5 of factor-price equalization.)
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International Economics
ISBN: 9780132146654
9th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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