Blaszkiewicz, Monika; Kowalski, Przemek; Rawdanowicz, Lukasz - CASE-Center for Social and Economic Research - 2004
This study investigates the HBS effect in a panel of nine CEECs during 1993:Q1-2003:Q4 (unbalanced panel). Prior to estimating the model, we analyze several key assumptions of the model (e.g. wage equalisation, PPP and sectoral division) and elaborate on possible consequences of their failure to...