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Exchange Rates and Local Labor Markets
Goldberg, Linda S.; Tracy, Joseph S. - 2000
We document the consequences of real exchange rate movements for the employment, hours, and hourly earnings of workers in manufacturing industries across individual states. Exchange rates have statistically significant wage and employment implications in these local labor markets. The importance...
Persistent link: https://www.econbiz.de/10014193865
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Understanding Ppps and Ppp-Based National Accounts
Deaton, Angus - 2010
practical problems of implementing it. All of these data are underpinned by the International Comparison Program (ICP), which … such as China, India, and Brazil, how to estimate prices for government services, health, and education, and the effects of … practical difficulties make comparison exceedingly hazardous …
Persistent link: https://www.econbiz.de/10012758136
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Testing for the Economic Impact of the U.S. Constitution : Purchasing Power Parity Across the Colonies Versus Across the States, 1748-1811
Grubb, Farley - 2009
The U.S. Constitution removed real and monetary trade barriers between the states. By contrast, these states when they were British colonies exercised considerable real and monetary autonomy over their borders. Purchasing power parity is used to measure how much economic integration between the...
Persistent link: https://www.econbiz.de/10012766561
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Wage Dispersion and Country Price Levels
Lipsey, Robert E.; Swedenborg, Birgitta - 2021
The purpose of this paper was to investigate whether there is a relationship between the degree of wage dispersion in a country and its price level relative to other countries, compared in a common currency. It was found that once a country's real per capita income and deviations of its exchange...
Persistent link: https://www.econbiz.de/10013220939
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Cross-Country Conversion Factors for Sectoral Productivity Comparisons
Van Biesebroeck, Johannes - 2021
rather well in the long run, making it a good basis for comparison. At the same time, sectoral deviations from PPP are very …
Persistent link: https://www.econbiz.de/10013249181
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Growth Accelerations
Hausmann, Ricardo; Pritchett, Lant; Rodrik, Dani - 2022
Unlike most cross-country growth analyses, we focus on turning points in growth performance. We look for instances of rapid acceleration in economic growth that are sustained for at least eight years and identify more than 80 such episodes since the 1950s. Growth accelerations tend to be...
Persistent link: https://www.econbiz.de/10013321621
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Ownership Characteristics, Real Exchange Rate Movements and Labor Market Adjustment in China
Mao, Risheng - 2011
implications of Renminbi (RMB) real exchange rate appreciation for adjustments in employment and wage rates. We stress differences …
Persistent link: https://www.econbiz.de/10013118843
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Capital Account Policies and the Real Exchange Rate
Jeanne, Olivier - 2012
This paper presents a simple model of how a small open economy can undervalue its real exchange rate using its capital account policies. The paper presents several properties of such policies, and proposes a rule of thumb to assess their welfare cost. The model is applied to an analysis of...
Persistent link: https://www.econbiz.de/10013100363
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The Real Exchange Rate, Mercantilism and the Learning by Doing Externality
Aizenman, Joshua - 2008
This paper examines the degree to which the learning by doing externality [LBD] calls for an undervalued exchange rate, a policy suggested by recent empirical studies which concluded that mildly undervalued real exchange rate may enhance growth. We obtain mixed results. For an economy where LBD...
Persistent link: https://www.econbiz.de/10012772382
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China's Current Account and Exchange Rate
Cheung, Yin-Wong - 2010
to economic activity. We find, first, that the Chinese currency, the renminbi (RMB), is substantially below the value … manufacturing capital stock is accounted for. Thus, the China-US trade balance should respond to real exchange rate and relative …
Persistent link: https://www.econbiz.de/10012757953