Balassa-Samuelson effect. When total factor productivity (TFP) is faster in the industrial sector than in the non …-tradable sectors, an FERR can suppress the Balassa-Samuelson effect if adjustment of domestic prices is subject to nominal rigidities … those estimates, our econometric exercises then provide robust results that an FERR dampens the Balassa-Samuelson effect and …

The Balassa-Samuelson (B-S) effect implies that highly productive countries have higher inflation and appreciating real …

convergence and crisis with a specific focus on Greece. The paper extends the seminal Balassa-Samuelson model to include …

focus is on Greece. The paper extends the seminal Balassa-Samuelson model to include international capital markets, placing … wages to increase beyond productivity increases. The augmented Balassa-Samuelson model is extended to trace cyclical … 2013 show evidence of the Balassa-Samuelson effect if Greece is excluded from the panel. For Greece, this in turn provides …

rate variation, both cross-country and time-series, closely accords with an amended Balassa-Samuelson interpretation …