Search Results - subject:"Samuelson"

The Balassa-Samuelson model in general equilibrium with markup variations

Restout, Romain - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2009

This contribution embeds the Balassa-Samuelson hypothesis in a general equilibrium model that combines monopolistic …, suggesting that our model is more closely in line with data relative to the supply-side Balassa-Samuelson framework that …

Persistent link: https://www.econbiz.de/10008460525

An Alternative Formula to Price American Options.

Elizondo, Rocío; Padilla, Pablo; Bladt, Mogens - Banco de México - 2009

We give a new way to price American options, using Samuelson´s formula. We first obtain the option price corresponding …

Persistent link: https://www.econbiz.de/10004985599

Trade Liberalization, Economic Growth, and Income Distribution in a Multiple-cone Neoclassical Growth Model

Kiyota, Kozo - Center for Research on Contemporary Economic Systems, … - 2009

The empirical literature on trade liberalization reflects two puzzles. First, the effect of trade liberalization on economic growth is ambiguous. Second, the effect of trade liberalization by developing countries on their income distribution is ambiguous. This paper attempts to explain these two...

Persistent link: https://www.econbiz.de/10004990975

Trade Liberalization, Economic Growth, and Income Distribution in a Multiple-cone Neoclassical Growth Model

Kiyota, Kozo - Institute of Economic Research, Hitotsubashi University - 2009

Persistent link: https://www.econbiz.de/10004991077

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

Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - 2009

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/10010265796