The evidence for a productivity-based explanation for real exchange rate behavior of East Asian currencies is examined …

The evidence for a productivity-based explanation for real exchange rate behavior of East Asian currencies is examined …. Using sectoral output and employment data, relative prices and relative productivity levels are calculated for China … rates and relative productivity ratios, one finds a relationship for Japan, Malaysia, the Philippines. Only when augmenting …

, using UK experience as empirical focus. We show that a productivity burst simulation is capable of explaining the …

) and the changing relative price of non-tradables, relating the latter variable to cross-sectoral productivity … productivity and the share of government in GDP, but also the terms of trade are significant determinants of the real exchange rate …

) and the changing relative price of non-tradables, relating the latter variable to cross-sectoral productivity … productivity and the share of government in GDP, but also the terms of trade are significant determinants of the real exchange rate …

The purpose of this paper is to analyse the role of productivity in the behaviour of the dollar real exchange rate … breakdown of the productivity variable into tradables, non-tradables and distribution sector productivity. The applied … differences in the distribution sector productivity to explain the real exchange rate, especially in the European Union countries …