Empirical investigation of the behaviour of the bilateral real exchange rate between India and the USA
Using annual data for the period 1959-2001 for India and USA, we examine the effect of productivity differential on bilateral real exchange rate between India and US (the Harrod Balassa Samuelson effect) in a non-linear framework. We find significant evidence of non-linear mean reversion towards the...
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Cardiff University
2007
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.584005 |