fundamental assumption of perfect factor mobility between sectors so the model is consistent with the Balassa-Samuelson hypothesis … movilidad de factores entre los sectores, por lo que el modelo concuerda con la hipótesis de Balassa-Samuelson. Además de esto …

the Eurozone. Real exchange rate patterns closely accord with an amended Balassa-Samuelson interpretation, both in cross …

behavior was explored well before Kahneman and Tversky in the early 1990s; specifically, in separate papers by Alt, Samuelson … the ordinality/cardinality of utility. The present article identifies Alt’s, Samuelson’s, and Bernardelli’s contributions …

characterized by the "Samuelson Hypothesis": there is a decreasing pattern of volatilities along the prices curve. Despite some …, one of its empirical implications has never been proposed nor tested: if Samuelson is right, then prices shocks emerging … fill this gap. Second contribution: up to now, the validation of the Samuelson hypothesis has never been considered in the …

This study tests the Balassa-Samuelson (BS) hypothesis, which explains the real exchange rate with relative …