The objective of the paper is to analyse the nominal and real convergence process in Estonia drawing on the Balassa-Samuelson …

economies. Earlier studies that estimated the Balassa-Samuelson effect to be larger have often neglected to consider the impact …

The objective of the paper is to analyse the nominal and real convergence process in Estonia drawing on the Balassa-Samuelson …

extended Salter-Swan model is employed to verify if the Stolper-Samuelson theorem holds and the consequences in terms of prices …, production and resources allocation. Results show that the Stolper-Samuelson hypothesis is reversed when imports and domestic …

impact is not as strong as the Balassa-Samuelson Effect (BSEF) would predict. The final impact of relative productivity on …

model integrating the Balassa-Samuelson model of real equilibrium exchange rate with a model of capital accumulation and … with the demand side of the economy. They also show how the Balassa-Samuelson model can be extended to the case of more … than two goods. The predictions of the Balassa-Samuelson model are generally consistent with empirical findings in Central …

under this consideration is that the relationship defended by the Balassa-Samuelson hypothesis is no more so straightforward …

This paper investigates the impact of the distribution sector on the real exchange rate, controlling for the Balassa-Samuelson …