Back Matter

Back Matter

Author(s):
Yuan Xiao, Robert Burgess, and Stefania Fabrizio
Published Date:
July 2004
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    References

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    51An appreciation of the external exchange rate (qx > 0) will worsen the competitiveness of the domestic products and consequently the trade balance, when the Marshall-Lerner condition holds.
    52For a discussion of the decomposition of time series into permanent and transitory components, see Maravall (1993) and Quah (1992).
    53Data are seasonally adjusted.
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