Search Results - subject:"Samuelson"

Factor Price Equality and the Economies of the United States

Bernard, Andrew B.; Jensen, J. Bradford; Schott, Peter K. - 2021

Do New York and Nashville face the same pressures from increased trade? This paper considers the role of international trade in shaping the product mix and relative wages for regions within the US. Using the predictions from a Heckscher-Ohlin trade model, we ask whether all the regions in the US...

Persistent link: https://www.econbiz.de/10013219174

Real exchange rate effect on economic growth : comparison of fundamental equilibrium exchange rate and Balassa-Samuelson based Rodrik approach

Seraj, Mehdi; Coskuner, Cagay - In: Journal of applied economics 24 (2021) 1, pp. 541-554

, little has been done to compare these dynamics within economies using the Balassa-Samuelson-based Rodrik approach (BS) and … the first to compare the fundamental equilibrium exchange rate model and Balassa-Samuelson-based Rodrik approach and use …

Persistent link: https://www.econbiz.de/10013174977

Catching Up : The Role of Demand, Supply and Regulated Price Effects on the Real Exchange Rates of Four Countries

MacDonald, Ronald; Wojcik, Cezary - 2021

The main aim of this paper is to examine the exchange rate behavior of a group of four transitional, EU accession countries, with a view to making policy recommendations regarding their accession to full European Monetary Union. We employ a dynamic OLS panel estimator to investigate the relative...

Persistent link: https://www.econbiz.de/10013320029

Real and Monetary Challenges to Wage Policy in Germany at the Turn of the Millennium : Technical Progress, Globalization and European Monetary Union

Franz, Wolfgang - 2021

At the turn of the millennium three frequently cited potential causes of new challenges for wage policy in Germany are revisited in this study: skilled-biased technological progress, the increasing international integration of labor and product markets, and the monetary integration of the EMU....

Persistent link: https://www.econbiz.de/10013320944

Factor Price Equalization? The Cointegration Approach Revisited

Berger, Helge; Westermann, Frank - 2021

Factor price equality across countries is an important implication of the Heckscher-Ohlin-Samuelson model of …

Persistent link: https://www.econbiz.de/10013320954

Trade as a Wage Disciplining Device

Persyn, Damiaan - 2021

We estimate how trade openness affects the relationship between wages, labour productivity and foreign wages using sector-level time series for several EU member states. In some countries wages became less responsive to foreign wages as trade costs declined. We show this counter-intuitive result...

Persistent link: https://www.econbiz.de/10013324883

What are the Results of Product-Price Studies and What Can We Learn from Their Differences?

Slaughter, Matthew J. - 2021

applying the Stolper-Samuelson theorem to the data from which important methodological lessons can be learned. The second main …

Persistent link: https://www.econbiz.de/10013252308

A Primer on Real Effective Exchange Rates : Determinants, Overvaluation, Trade Flows and Competitive Devaluation

Chinn, Menzie David - 2021

misalignment, (ii) testing the Balassa-Samuelson effect, (iii) estimating the price responsiveness of trade flows, and (iv …

Persistent link: https://www.econbiz.de/10013222072

The Heterogeneous Effects of Trade across Occupations : A Test of the Stolper-Samuelson Theorem

Basco, Sergi; Liégey, Maxime; Mestieri, Martí; … - 2021

This paper develops and implements a novel test of the Stolper-Samuelson theorem. We use nationally … worker earnings. Our version of the Stolper-Samuelson theorem states that there is a negative correlation between occupation … across occupations. Then, consistent with the Stolper-Samuelson prediction, we show that workers initially employed in …

Persistent link: https://www.econbiz.de/10013315165

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

Belke, Ansgar Hubertus; Schnabl, Gunther; Zemanek, Holger - 2021

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 monetary overinvestment theories of Wicksell and Hayek in order to …

Persistent link: https://www.econbiz.de/10013316298