Black market exchange rate and the productivity bias hypothesis

被引：29

作者：

Bahmani-Oskooee, Mohsen ^{[1
]}

Gelan, Abera

机构：

[1] Univ Wisconsin, Ctr Res Int Econ, Milwaukee, WI 53201 USA

[2] Univ Wisconsin, Dept Econ, Milwaukee, WI 53201 USA

[3] Univ Wisconsin, Dept Africol, Milwaukee, WI 53201 USA

来源：

ECONOMICS LETTERS | 2006年 / 91卷 / 02期

关键词：

black market rate; PPP; productivity bias;

D O I：

10.1016/j.econlet.2005.09.016

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Previous studies that tested the productivity bias hypothesis employed the official nominal exchange rate in constructing the real rate, hence, in testing the productivity bias hypothesis. In this paper we show that if official real exchange rate does not support the productivity bias hypothesis, the real black market rate does. This conjecture is tested by using data from Chile, Colombia and Costa Rica. (c) 2006 Elsevier B.V. All rights reserved.

引用

页码：243 / 249

页数：7

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