Johri, Alok; Lahiri, Amartya - Department of Economics, McMaster University - 2008
augment a standard two-country open economy model with learning-by-doing in production at the firm level. This induces …. First, we
augment a standard two-country open economy model with learning-by-doing in production at the
�rm level. This …, learning-by-doing
JEL Classification: F1, F2
1 Introduction
Three well known facts that characterize exchange rate data are …