Can you think of any forces that might help bring about long-run PPP for nontradable goods? (It
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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 4 of factor-price equalization.)
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International Economics Theory & Policy
ISBN: 9780138002121
8th Edition
Authors: Paul R Krugman, Maurice Obstfeld
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