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研究生:洪毓辰
研究生(外文):Yu-Chen Hung
論文名稱:Harrod-Balassa-Samuelson Effects Redux: Some New Evidence
指導教授:張銘仁張銘仁引用關係
指導教授(外文):Ming-Jen Chang
學位類別:碩士
校院名稱:國立東華大學
系所名稱:經濟學系
學門:社會及行為科學學門
學類:經濟學類
論文種類:學術論文
論文出版年:2014
畢業學年度:102
論文頁數:35
中文關鍵詞:HBS effectlabor productivitypurchasing parity powerreal exchange rate persistence
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  • 點閱點閱:226
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This study examines the persistence of sectoral real exchange rates using the relative sectoral labor productivity by linearity as well as non-linear models for some country-pairs in the Pacific-Basin. By using a standard linear model, we found that many half-lives for the sectoral real exchange rates are still about or higher than the consensus view of three to five years (Rogoff, 1996). Our empirical evidence strongly supports that the sectoral labor productivity plays a key role to interpret the deviations of the sectoral real exchange rates. The findings are confirmed while we utilize the popular nonlinear models to reexamine the behaviors of these sectoral real exchange rates. More specifically, the sectoral real exchange rates for most cases are no longer persistent examined by the nonlinear models after incorporating the sectoral labor productivity in our estimations.
This study examines the persistence of sectoral real exchange rates using the relative sectoral labor productivity by linearity as well as non-linear models for some country-pairs in the Pacific-Basin. By using a standard linear model, we found that many half-lives for the sectoral real exchange rates are still about or higher than the consensus view of three to five years (Rogoff, 1996). Our empirical evidence strongly supports that the sectoral labor productivity plays a key role to interpret the deviations of the sectoral real exchange rates. The findings are confirmed while we utilize the popular nonlinear models to reexamine the behaviors of these sectoral real exchange rates. More specifically, the sectoral real exchange rates for most cases are no longer persistent examined by the nonlinear models after incorporating the sectoral labor productivity in our estimations.
1. INTRODUCTION
2. THE ANALYTICAL FRAMEWORK
3. EMPIRICAL METHODOLOGY
4. DATA SOURCES AND EMPIRICAL RESULTS
5. CONCLUSION

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