Productivity differentials and the real exchange rate: Empirical evidence from India
Material type:
Computer filePublication details: Bangalore; Institute for Social and Economic Change; 2001Subject(s): Online resources: Summary: This paper examines the long-run relationship between the real exchange rate and productivity differentials on traded and non-traded goods in India and Japan by using the data relating to the period from 1974 to 1998. The study uses the co-integration technique and finds that there is an evidence for the Balassa-Samuelson hypothesis, which stipulates that productivity differences in the traded and non-traded goods have a stable long-run equilibrium relationship with real exchange rate.
| Item type | Current library | Collection | Status | Barcode | |
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Digital Library
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Dr VKRV Rao Library | Working Papers | Available | DL7210 |
This paper examines the long-run relationship between the real exchange rate and productivity differentials on traded and non-traded goods in India and Japan by using the data relating to the period from 1974 to 1998. The study uses the co-integration technique and finds that there is an evidence for the Balassa-Samuelson hypothesis, which stipulates that productivity differences in the traded and non-traded goods have a stable long-run equilibrium relationship with real exchange rate.
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