Search Results - subject:"Balassa–Samuelson effect"

Testing the Balassa-Samuelson Effect : Implications for Growth and the PPP

Faria, Joao Ricardo; Leon-Ledesma, Miguel A. - 2001

The derivation of the Balassa-Samuelson effect allows for different empirical specifications that may have important … supportive evidence for the Balassa-Samuelson effect in the long run. This seems to suggest that PPP holds. However, one of the …

Persistent link: https://www.econbiz.de/10014140699

The Minimum Inflation Rate for Euroland

Reutter, Michael; Sinn, Hans-Werner - CESifo - 2000

As a result of the Balassa effect relative prices change rapidly between and within the euro countries. Thus it is impossible to find a common monetary policy that will result in price stability in all countries. Based on empirical estimates of the Balassa model, the paper calculates a minimum...

Persistent link: https://www.econbiz.de/10005181288

The minimum inflation rate for Euroland

Reutter, Michael; Sinn, Hans-Werner - 2000

Persistent link: https://www.econbiz.de/10009786718

The Minimum Inflation Rate for Euroland

Reutter, Michael; Sinn, Hans-Werner - 2000

Persistent link: https://www.econbiz.de/10010314881

Harrod, Balassa and Samuelson (Re)Visit Eastern Europe

Sonora, Robert J.; Tica, Josip - Ekonomski Fakultet, Sveučilište u Zagrebu - 2009

In this paper we investigate Harrod Balassa Samuelson (HBS) effect in 11 transition countries. A large number of empirical papers based on quite limited datasets has already been published on HBS in Eastern Europe. The major contribution of this paper is the fact that we estimate HBS with NACE6...

Persistent link: https://www.econbiz.de/10004969135

An empirical estimation of Balassa-Samuelson Effect in case of Eastern European Countries

Cristian, Păun - In: Revista OEconomica (2009) 01

Integration into the European Monetary Union (EMU) and adoption of Euro became a specific objective for Eastern European Countries after their accession into the European Union.

Persistent link: https://www.econbiz.de/10008464111

Purchasing Power Parity and Breaking Trend Functions in the Real Exchange Rate

Joya, jair Ojeda - BANCO DE LA REPÚBLICA - 2009

factor productivity data shows that the Balassa-Samuelson effect explains the estimated long run trends in most countries. …

Persistent link: https://www.econbiz.de/10005051599

An Estimated Model of the Small Open Czech Economy with a Non-tradable Sector

Musil, Karel - In: Bulletin of the Czech Econometric Society 16 (2009)

The article presents a dynamic stochastic general equilibrium (DSGE) model of a small open economy. It is based on the New Open Economy Macroeconomics (NOEM) concept and derived from microeconomic foundations. Behavior of representative households and firms contains rigidities. Structure of...

Persistent link: https://www.econbiz.de/10008540603

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), 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/10005082967

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), 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/10005083017