Search Results - subject:"Samuelson"

The Penn-Belassa-Samuelson Effect in Developing Countries: Price and Income Revisited

Hassan, Fadi - Centre for Economic Performance, LSE - 2011

It is conventional wisdom that richer countries have a higher price level than poorer countries. This paper provides evidence that the price-income relationship is non-linear and that it turns negative, or at best flat, in low income countries. The result is robust along both cross-section and...

Persistent link: https://www.econbiz.de/10009147093

The Limits of Market Efficiency

Buchanan, James M. - In: Rationality, Markets and Morals 2 (2011) 1

-partitionability set under the Samuelson taxonomy. Therefore there is nothing comparable to the pro?t-loss dynamic of the market that will …

Persistent link: https://www.econbiz.de/10008828372

Revisiting the Apparent Paradox: Foreign Capital Inflow, Welfare Amelioration and ‘Jobless Growth’ with Agricultural Dualism and Non-traded Intermediate Input

Mukherjee, Soumyatanu - Volkswirtschaftliche Fakultät, … - 2011

In order to answer the pertinent question why developing countries are showing penchant for foreign capital over the last two decades in spite of its detrimental effects as revealed from the conventional two-sector mobile capital version of Harris–Todaro (HT) model in the presence of...

Persistent link: https://www.econbiz.de/10009294936

The Interdependence between the Level of Domestic Prices and the Price Level in the Developed Countries

BACESCU-CARBUNARU, Angelica; CONDRUZ-BACESCU, Monica - In: REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF … 12 (2011) 3, pp. 420-431

The article deals with the controversial issue of price harmonization practiced in the European Union. Therefore, we take into account the differences between national economies of member countries and the time difference of these economies in EU, a thing that imposes the establishment of...

Persistent link: https://www.econbiz.de/10009319090

Social Conflict and the Stolper-Samuelson Theorem

Zissimos, Benjamin - Vanderbilt University Department of Economics - 2011

conditions under which it will apply. In a setting where property rights are poorly enforced, the paper shows that the Stolper-Samuelson …. In an extended framework, a set of sufficient conditions for revolution to occur are provided even when the Stolper-Samuelson …

Persistent link: https://www.econbiz.de/10009320348

The Political Economy of Textbook Writing: Paul Samuelson and the making of the first ten Editions of Economics (1945-1976)

Giraud, Yann - Théorie Économique, Modélisation, Application … - 2011

Over the past two decades, numerous contributions to the history of economics have tried to assess Paul Samuelson … provided no consensus about the location of Samuelson’s political ideas. While some authors believe that Samuelson has always …” stance that Samuelson adopted in the book was consciously constructed by the MIT economist, with the help of his home …

Persistent link: https://www.econbiz.de/10009320633

Real Exchange Rate Movements in Developed and Developing Economies: an Interpretation of the Balassa-Samuelson's Framework

Dumrongrittikul, Taya - Department of Econometrics and Business Statistics, … - 2011

This paper investigates empirically the Balassa-Samuelson hypothesis (BSH) using annual data over 1970-2008 from 33 …

Persistent link: https://www.econbiz.de/10009001994

Real Exchange Rates and Productivity: Evidence From Asia

Yan, Isabel K.; Kakkar, Vikas - Volkswirtschaftliche Fakultät, … - 2011

This paper examines a productivity-based explanation of the long run real exchange rate movements of six Asian economies. Using industry level data, we construct total factor productivities (TFPs) for the tradable and nontradable sectors. We find that (a) within each country the relative price...

Persistent link: https://www.econbiz.de/10009369177

The Balassa-Samuelson Effect Reversed: New Evidence from OECD Countries

Gubler, Matthias; Sax, Christoph - Wirtschaftswissenschaftliches Zentrum, Universität Basel - 2011

This paper explores the robustness of the Balassa-Samuelson (BS) hypothesis.We analyze a panel of OECD countries from …

Persistent link: https://www.econbiz.de/10009397219

Testing the Harrod Balassa Sameulson Hypothesis: The Case of Pakistan

Jabeen, Sunila; Malik, Waseem Shahid; Haider, Azad - In: The Pakistan Development Review 50 (2011) 4, pp. 379-399

For a small open economy of Pakistan, exchange rate is determined through the two alternative theories; the nominal theory of exchange rate named by Purchasing Power Parity (PPP) and the real theory known as Harrod Balassa Sameulson (HBS). According to the requirements of theories, two kinds of...

Persistent link: https://www.econbiz.de/10011167012