Modelling the Balassa-Samuelson Effect in Australia
This paper examines the Balassa-Samuelson hypothesis in Australia using the ARDL cointegrationframework. Evidence was found of a significant long-run relationship between real exchange rate andAustralia-US productivity differential during the period of 1950-2003. The results indicate that a one per...
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| Format: | Article |
| Language: | English |
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University of Wollongong
2011-03-01
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| Series: | Australasian Accounting, Business and Finance Journal |
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| Online Access: | http://ro.uow.edu.au/aabfj/vol5/iss1/6 |