Heston, Alan; Nuxoll, Daniel A; Summers, Robert - In: Review of International Economics 2 (1994) 3, pp. 227-43
The structure of prices of goods entering into international trade relative to those that do not plays a key role in the Balassa-Samuelson explanation of why countries' exchange rates differ systematically from their currencies' purchasing power. The B-S analysis leads to the proposition that...