Economic Growth and Real Exchange Rate: An Overview of the Balassa-Samuelson Hypothesis in Asia
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The paper tests the Balassa-Samuelson hypothesis (rapid economic growth is accompanied by real exchange rate appreciation because of differential productivity growth between tradable and nontradable sectors) using data of the APEC economies. Japan, Korea, Taiwan and, to a lesser extent, Hong Kong
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美国国家经济研究局创建时间：
1997-03-01
