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Economic Growth and Real Exchange Rate: An Overview of …

This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: Changes in Exchange rates in Rapidly Development Countries: Theory, Practice, and Policy Issues (NBER-EASE volume 7). Volume Author/Editor: Takatoshi Ito and Anne O. Krueger, editors Volume Publisher: University of Chicago Press Volume ISBN: 0-226-38673-2. Volume URL: Publication Date: January 1999. Chapter Title: Economic Growth and real Exchange Rate: An Overview of the Balassa-Samuelson Hypothesis in Asia Chapter Author: Takatoshi Ito, Peter Isard, Steven Symansky Chapter URL: Chapter pages in book: (p. 109 - 132).

4 Economic Growth and Real Exchange Rate: An Overview of the B alassa- S amuelson Hypothesis in Asia Takatoshi Ito, Peter Isard, and Steven Symansky 4.1 Introduction

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