Mollick, Andre Varella; Quijano, Margot - In: Journal of Economic Development 29 (2004) 1, pp. 189-208
Using the U.S. as benchmark country, Korean data from 1970:1 to 2000:4 and Mexican data from 1983:1 to 2000:4 are decomposed into traded and non-traded sectors. We find that the traditional purchasing power parity (PPP) model performs remarkably well for the Peso and that the productivity model...
