cam a22 2 b4500 530163381 CHVBK 20201027045312.0 m d cr |n |||||||| 130723e20071101dcu s|||| 0 |eng|d 978-1-4519-1284-5 1-4519-1284-6 (EBook) : USD 18.00 Retail Price (Publisher) (SERSOL)ssj0001488668 (WaSeSS)ssj0001488668 BIP US WaSeSS Kohli Renu Author What Explains India's Real Appreciation? [Elektronische Daten] Washington International Monetary Fund Nov. 2007 1 online resource (72 p.) Free full text available for some or all content. Article availability is subject to change without notice, according to publisher decision. Die Verfügbarkeit der Online-Ressourcen ist Entscheidung des Verlags oder des Urhebers und kann ohne vorherige Ankündigung geändert werden. Annotation We examine the evolution of nontradable and tradable prices in the Indian economy over 1980-2002 and find widening differentials: the real exchange rate has been appreciating. This might seem unsurprising, since India's rapid per capita income growth suggests Balassa-Samuelson factors at play. However, after 1990, the tradable-nontradable labor productivity gap, the driver of real appreciation according to Balassa-Samuelson, virtually disappeared. So what explains the real appreciation? Assessing the role of both demand and supply factors, we find that demand pressures arising from higher income growth accounted for much of the relative price increase during the post-reform period. Falling import prices also contributed significantly, along with an increase in government spending. Mohapatra Sudip Author http://elibrary.imf.org/view/IMF001/08832-9781451868319/08832-9781451868319/08832-9781451868319.xml Volltext frei zugänglich BK020053 XK020053 XK020000 IMF E-Library E-Books von 360MarcUpdates IDSBB FREE FREE OL NELFREE2004 IDSBB 100 1- Kohli Renu Author IDSBB 700 1- Mohapatra Sudip Author IDSBB 856 40 http://elibrary.imf.org/view/IMF001/08832-9781451868319/08832-9781451868319/08832-9781451868319.xml Volltext frei zugänglich SWISSBIB 487941837