Search Results - subject:"Balassa–Samuelson effect"

Iancu, Aurel - 2009

equilibrium versus the inflation rate diminution and the Balassa-Samuelson effect, the exchange rates and the exchange rate …

Persistent link: https://www.econbiz.de/10010529098

The Balassa-Samuelson Hypothesis in Developed Countries and Emerging Market Economies: Different Outcomes Explained

García Solanes, José; Torrejón-Flores, Fernando - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-2, pp. 1-24

This paper studies the Balassa-Samuelson effects in two areas with strong differences in economic development, sixteen OECD countries and sixteen Latin American economies. The USA is taken as a benchmark. Applying recent panel cointegration and bootstrapping techniques that solve for...

Persistent link: https://www.econbiz.de/10010298622

Balassa-Samuelson and Wage, Price and Unemployment Dynamics in the Spanish Transition to EMU Membership

Ordóñez, Javier; Jusélius, Katarina - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-4, pp. 1-30

measured by the German price level) corrected for the Balassa-Samuelson effect. In the medium run this long-run convergence was … on Spanish labour market and the convergence to a European level of prosperity. We found that the Balassa-Samuelson … effect, product market competition, and capital liberalization have been the main driving forces in this period. The …

Persistent link: https://www.econbiz.de/10010298624

Evidences of the Intensity of the Balassa-Samuelson Phenomenon in the Romanian Economy

Altar, Moisa; Albu, Lucian Liviu; Dumitru, Ionut; … - 2009

The paper presents some results revealing the existence of the Balassa-Samuelson effect in Romania as well as some …

Persistent link: https://www.econbiz.de/10010527403

Nominal Convergence

Iancu, Aurel - 2009

equilibrium versus the inflation rate diminution and the Balassa-Samuelson effect, the exchange rates and the exchange rate …

Persistent link: https://www.econbiz.de/10010527407

Do Prices in the EMU Converge (Non-linearly)?

Fritsche, Ulrich; Lein, Sarah; Weber, Sebastian - 2009

This paper examines the current state of price convergence amongst the eleven initial EMU member states. Special attention is given to possible changes in the convergence process during the euro cash changeover. We apply the sigma-convergence approach using both panel estimates of changes in the...

Persistent link: https://www.econbiz.de/10010420827

Productivity Shocks and Real Exchange Rates : A Reappraisal

Peltonen, Tuomas A. - 2009

We reappraise the relationship between productivity and equilibrium real exchange rates using a panel estimation framework that incorporates a large number of countries and importantly, a dataset that allows explicit consideration of the role of non-traded, as well as traded, sector productivity...

Persistent link: https://www.econbiz.de/10012764033

What Explains India's Real Appreciation?

Kohli, Renu - 2009

We examine the evolution of non-tradable and tradable prices in the Indian economy over 1980-2002 and find widening differentials: the real exchange rate has been appreciating. This might seem unsurprising, since India's rapid per capita income growth suggests Balassa-Samuelson factors at play....

Persistent link: https://www.econbiz.de/10012766787

Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe

Belke, Ansgar Hubertus - 2009

The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the...

Persistent link: https://www.econbiz.de/10013154599

The Balassa-Samuelson Hypothesis and Elderly Migration

Zuleta, Hernando - 2009

We present an Overlapping Generations Model with two final goods: tradable goods are produced with a standard Cobb-Douglas production function and non-tradable goods are produced with linear production function where the only factor is labor. We maintain the fundamental assumption of factor...

Persistent link: https://www.econbiz.de/10013154931