Gubler, Matthias; Sax, Christoph - Wirtschaftswissenschaftliches Zentrum, Universität Basel - 2011
This paper explores the robustness of the Balassa-Samuelson (BS) hypothesis.We analyze a panel of OECD countries from 1970 to 2008 and compare three different datasets on sectoral productivity, including a newly constructed database on total factor productivity. Overall, our DOLS estimation...