Bergin, Paul R. (contributor); Glick, Reuven (contributor); … - 2004 - [Elektronische Ressource]
Productivity, Tradability, and the Long-Run Price Puzzle
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Paul Bergin
University of California, Davis, and NBER …
Draft: June 3, 2004
Abstract
Long-run cross-country price data exhibit a puzzle. Today, richer countries exhibit higher …
price levels than poorer countries, a stylized fact usually attributed to the “Balassa-
Samuelson” effect. But looking back …