Jan Br <accent> <ac>u<; ac> <am>; ring; <; am> <; accent>ha - In: The Economics of Transition 18 (2010) 3, pp. 599-628
We analyse the role of various investment margins in explaining the real exchange rate appreciation recorded in European transition countries. We present a model that introduces a quality investment margin and show that the margin is needed for replicating the observed pace of real exchange rate...
