NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Real Exchange Rate, Mercantilism and the Learning by Doing Externality

Joshua Aizenman, Jaewoo Lee

NBER Working Paper No. 13853
Issued in March 2008

---- Acknowledgements -----

Any views expressed herein are those of the authors and should not be attributed to the IMF, its Executive Board, or its management. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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