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In a country such as China, which maintains strict controls on foreign exchange and frequently intervenes in the … not occurring in China? A possible explanation is that, due to certain structural reasons, the equilibrium real exchange … rate for China is considerably lower than that of other developing countries. Taking this hypothesis as our point of …
Persistent link: https://www.econbiz.de/10010593236
In a country such as China, which maintains strict controls on foreign exchange and frequently intervenes in the … not occurring in China? A possible explanation is that, due to certain structural reasons, the equilibrium real exchange … rate for China is considerably lower than that of other developing countries. Taking this hypothesis as our point of …
Persistent link: https://www.econbiz.de/10010614064
the Lewisian turning point. In addition, we show that in an economy like China, where there are strong barriers to the …
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This paper explains in detail the construction of series for productivity in the traded and nontraded sectors for a panel of 56 countries spanning 1989–2012. The level of productivity in each sector is defined as real value added per worker in constant 2005 Purchasing Power Parity (PPP)...
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