Tintin, Cem - In: International Journal of Sustainable Economy 6 (2014) 1, pp. 1-18
confirms the existence of cointegration among real effective exchange rate, relative productivity and terms of trade. The study …This study tests the Balassa-Samuelson (BS) hypothesis, which explains the real exchange rate with relative … productivity differences, for ten OECD countries between 1975 and 2007 by using the Johansen cointegration approach. The study …