prices as internal mechanism of Balassa-Samuelson Model. In reaching our purpose we used VEC methodology. Finally, we found a …

ejercía de guía P. Samuelson y le dedica un artículo que se haría famoso: “Parábola y realismo de la teoría del capital”: la … función de producción sustituta” . Samuelson demostró tener cierta sorna por su dedicatoria a uno/a de los economistas más … críticos con la ortodoxia, como era la economista británica. Desconozco la reacción de Joan Violet Robinson. Samuelson intenta …

According to the Balassa-Samuelson effect, productivity gains in the domestic tradable sector raise the relative price … of domestic non-tradables causing deviations from the purchasing power parity. In the literature, the Balassa-Samuelson … that the Balassa-Samuelson effect only explains the Penn effect either for a sufficiently high trade elasticity or for a …

The Balassa-Samuelson hypothesis – i.e. that real exchange rates between each pair of countries increase with the … to downward-biased estimates. We test the Balassa-Samuelson hypothesis with innovative trade-based variety measures to … pairwise regression approach, we find stable and very robust Balassa-Samuelson effects over all our specifications …