Lojschová, Adriana - 2003
The Balassa-Samuelson (BS) effect is usually considered as the prime explanation of the continuous real exchange rate … holds for tradable goods) results in little support of BS hypothesis. Our estimates of the BS term suggest that the Balassa-Samuelson … effect in these 4 CEE countries does not have to be as sizeable as other studies propose. -- Balassa-Samuelson effect …