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Microsoft Word - memo166.doc
... approach goldstein macroeconomic balance approach goldstein and lardy macroeconomic balance approach wang (2004) small 2004 macroeconomic balance approach frankel extended ppp approach funke and rahn extended ppp approach coudert and couharde extended ppp approach penn world table (pwt against the dollar; ppp approach ...
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Microsoft Word - discussion72.doc
... effect on growth.9 various aspects of the empirical approach to trade and growth have generated discussion in the literature. ... coefficients. irwin and tervioe (2000) support these findings for an extended sample period. according to both studies estimations using instrumental variables ... . the comparison of income per capita in ppp terms measures gdp in ppp prices. it can be expected that if ...
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