Question
Use the Balassa-Samuelson model to explain why the purchasing power parity may not hold in the presence of nontraded goods. How is the relative productivity
Use the Balassa-Samuelson model to explain why the purchasing power parity may not hold in the presence of nontraded goods. How is the relative productivity of tradeable goods of nations related to the real exchange rate?
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Economics of Managerial Decisions
Authors: Roger Blair, Mark Rush
1st edition
134166167, 978-0134166162, 9780134140773 , 978-0133548235
