期刊名称：Academy of Accounting and Financial Studies Journal
印刷版ISSN：1096-3685
出版年度：2018
卷号：22
期号：1
页码：1-10
语种：English
出版社：The DreamCatchers Group, LLC
摘要：Balassa-Samuelson hypothesis depicts that high wage rate in tradable goods sector leads high wage rate in non-tradable goods sector in emerging economy in any country. Consequently, high wage rate leads to high productivity rate which results in high real exchange rate. Purchasing power parity (PPP) states that if and only if, purchasing power of two countries are same then exchange rates between those countries are in equilibrium..
关键词：Balassa-Samuelson Model;Purchasing Power Parity (PPP);Johansen Long Run Co-integration Model;Error Correction Model (ECM);Stability
