Search Results - subject:"Samuelson effect"

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 countries grouped into developed and developing countries. The innovative feature of our study is that we introduce a new approach for classifying traded and nontraded industries....

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

Productivity differential and bilateral real exchange rate between India and US

Pal, Soubarna - In: Journal of quantitative economics : official journal of … 9 (2011) 1, pp. 146-155

Persistent link: https://www.econbiz.de/10010337916

Il costo della vita al Nord e al Sud d'Italia dal dopoguerra a oggi. Stime di prima generazione.

Amendola, Nicola; Vecchi, Giovanni; Al Kiswani, Bilal - Volkswirtschaftliche Fakultät, … - 2010

Despite the fact that in 2011 Italy will celebrate the 150th anniversary of its political unification, geographical disparities stand out as a prominent characteristic of the country. The paper estimates the trend of the cost-of-living differentials across regions in the half-century after the...

Persistent link: https://www.econbiz.de/10008490477

A Test of the Balassa-Samuelson Effect Applied to Chinese Regional Data

Guo, Qian; Hall, Stephen G. - In: Journal for Economic Forecasting (2010) 2, pp. 57-78

In this paper, we investigate the relevance of the Balassa-Samuelson effect to the determination of regional inflation … shows that our extended theoretical model is a good empirical representation of the Chinese data that supports the Balassa-Samuelson … effect. Moreover, we are able to test the Asea and Mendoza (1994) version of our general model and find that the restrictions …

Persistent link: https://www.econbiz.de/10008492965

Why Are Goods Cheaper in Rich Countries? Beyond the Balassa-Samuelson Effect

Podkaminer, Leon - Wiener Institut für Internationale … - 2010

Relative to consumer services, consumer goods tend to be cheaper in richer European countries. This tendency, customarily explained in terms of cost developments and/or foreign-trade considerations, can be a reflection of a demand-side regularity. An econometrically specified cross-country...

Persistent link: https://www.econbiz.de/10008455840

Why Are Goods Cheaper in Rich Countries? Beyond the Balassa-Samuelson Effect

Podkaminer, Leon - 2010

Persistent link: https://www.econbiz.de/10012099893

Discrepancies between Purchasing Power Parities and Exchange Rates under the Law of One Price: A Puzzle (partly) Explained?

Podkaminer, Leon - 2010

European Comparison Project data (years 1999-2008) are used for an estimation of cross-country systems (AIDS) of consumer demand functions defined over durable and non-durable tradable goods and non-tradable services. General exchange equilibrium models of inter-EU trade generate equalized...

Persistent link: https://www.econbiz.de/10012099898

Productivity, External Balance and Exchange Rates : Evidence on the Transmission Mechanism Among G7 Countries

Corsetti, Giancarlo - 2010

This paper investigates the international transmission of productivity shocks in a sample of five G7 countries. For each country, using long-run restrictions, we identify shocks that increase permanently domestic labor productivity in manufacturing (our measure of tradables) relative to an...

Persistent link: https://www.econbiz.de/10012760681

The Harrod-Balassa-Samuelson Hypothesis : Real Exchange Rates and their Long-Run Equilibrium

Chong, Yanping - 2010

Frictionless, perfectly competitive traded-goods markets justify thinking of purchasing power parity (PPP) as the main driver of exchange rates in the long-run. But differences in the traded/non-traded sectors of economies tend to be persistent and affect movements in local price levels in ways...

Persistent link: https://www.econbiz.de/10012462782

Structural Change in OECD Comparative Advantage

Brakman, Steven - 2010

In the post-war period, the goods composition of trade in OECD countries has changed considerably. We analyze the evolution of comparative advantage using a detailed trade data set and a new analytical tool: the harmonic (weighted) mass index, which enables us to identify periods of structural...

Persistent link: https://www.econbiz.de/10013143974