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Present some empirical evidence on long-run Purchasing Power Parity (PPP) using a sample of annual data covering the period 1900-1987. Three exchange rates are used in the analysis: the dollar, yen and French franc against the pound. It is shown that PPP does hold in the long run and that is...
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Economic Survey-Chapter1. [Economic Survey]. URL:[http://indiabudget.nic.in/survey.asp]
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