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Sectoral structure and real convergence among Spanish regions

✍ Scribed by Juncal Cuñado; Blanca Sanchez-Robles

Publisher
Springer US
Year
2000
Tongue
English
Weight
659 KB
Volume
6
Category
Article
ISSN
1083-0898

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✍ Yin-Wong Cheung; Menzie Chinn; Eiji Fujii 📂 Article 📅 2001 🏛 John Wiley and Sons 🌐 English ⚖ 179 KB 👁 1 views

## Abstract We examine the relationship between market structure and the persistence of US dollar‐based sectoral real exchange rates for 14 OECD countries. Our empirical results based on disaggregated data suggest that differences in market structure significantly determine the rates at which devia