Imai, Hiroyuki - In: Journal of Asian Economics 21 (2010) 2, pp. 174-185
Japan's real exchange rate appreciation during the post-WWII manufacturing-led growth period has been regarded as a classical example of the Balassa-Samuelson effect. We choose the most conspicuous sub-period--1956-1970--to confirm the effect. Japan was in a rapid growth period under the U.S....
