This paper explores the robustness of the Balassa-Samuelson (BS) hypothesis. We analyze a panel of OECD countries from …

specific focus is on Greece. The paper extends the seminal Balassa-Samuelson model to include international capital markets … 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 …

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 …

development is often explained by the Balassa-Samuelson effect; according to the findings, however, this effect accounts for only … primarily from problems concerning the data required for the estimation of the Balassa-Samuelson effect. Thus, in interpreting …

Balassa-Samuelson framework in deriving empirically verifiable propositions on the link between purchasing power parity and …