Search Results - subject:"Samuelson effect"

The Balassa–Samuelson effect and pricing-to-market: The role of strategic complementarity

Bekkers, Eddy; Simonovska, Ina - In: Economics Letters 126 (2015) C, pp. 156-158

Combining Balassa–Samuelson effects with strategic complementarities between prices of tradables and non-tradables yields a novel determinant of tradables’ prices. A larger productivity difference between tradables and non-tradables raises the non-tradables’ price. With strategic...

Persistent link: https://www.econbiz.de/10011189504

The role of the exchange rate regime in the process of real and nominal convergence

D’Adamo, Gaetano; Rovelli, Riccardo - In: Journal of Macroeconomics 43 (2015) C, pp. 21-37

The Balassa–Samuelson (B–S) hypothesis suggests that, in catching-up countries, inflation will be comparatively higher, as prices of non-traded goods “catch up” with the growth of productivity in the tradable goods sector; as a result, these countries will experience real appreciation....

Persistent link: https://www.econbiz.de/10011194160

Preferences, Purchasing Power Parity, and Inequality : Analytical Framework, Propositions, and Empirical Evidence

Majumder, Amita - 2015

This paper makes analytical, methodological and empirical contributions to the literature on purchasing power parity. Purchasing power parities are required in a host of cross-country welfare comparisons, such as poverty rates and gross domestic product. The subject has recently generated much...

Persistent link: https://www.econbiz.de/10012245902

Real Exchange Rate of the Czech Koruna and the Prices of Non-tradable Goods and Services

Mandel, Martin; Tomšík, Vladimír - In: Acta Oeconomica Pragensia 2008 (2008) 3, pp. 3-12

The paper presents both theoretical and an empirical analysis of factors influencing the prices of non-tradable goods and services in the Czech economy. The analysis discusses the development of the real exchange rate of the Czech koruna and quantifies the size of the real exchange rate...

Persistent link: https://www.econbiz.de/10005036411

The Balassa-Samuelson Hypothesis in Developed Countries and Emerging Market Economies: Different Outcomes Explained

García Solanes, José; Torrejón-Flores, Fernando - Institut für Weltwirtschaft (IfW) - 2008

This paper studies the Balassa-Samuelson hypothesis in two areas with strong differences in economic development, sixteen OECD countries and sixteen Latin American economies. Applying panel cointegration and bootstrapping techniques that solve for cross-sectional dependence problems in the data,...

Persistent link: https://www.econbiz.de/10005059047

Wage, Price and Unemployment Dynamics in the Spanish Transition to EMU Membership

Jusélius, Katarina; Ordóñez, Javier - Institut für Weltwirtschaft (IfW) - 2008

consumption wages and consumer prices as a result of the Balassa-Samuelson effect should not be allowed to exceed the improvement …

Persistent link: https://www.econbiz.de/10005059049

Nominal Convergence

Iancu, Aurel - In: Review of Economic and Business Studies (2008) 2, pp. 53-73

equilibrium versus the inflation rate diminution and the Balassa-Samuelson effect, the exchange rates and the exchange rate …

Persistent link: https://www.econbiz.de/10008541552

Balassa-Samuelson effect in Romania

Dumitru, Ionut - Volkswirtschaftliche Fakultät, … - 2008

This paper deals with the Balassa-Samuelson effect in Romania. Using the cointegration technique, the main conclusions … and 4.76% in 2000 (2.18% on average in 1998-2006). Regarding the impact of the Balassa-Samuelson effect on the real … Balassa-Samuelson effect was between 0.24% and 1.94% in the case of the classical model and between 0.73% and 5.06% in the …

Persistent link: https://www.econbiz.de/10008472231

Wage, price and unemployment dynamics in the Spanish transition to EMU membership

Ordoñez, Javier; Juselius, Katarina - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2008

consumer prices as a result of the Balassa-Samuelson effect should not be allowed to exceed the improvement in productivity …

Persistent link: https://www.econbiz.de/10005227306

Catching-up and inflation in transition economies: the Balassa-Samuelson effect revisited

Mihaljek, Dubravko; Klau, Marc - Bank for International Settlements (BIS) - 2008

This paper estimates the Balassa-Samuelson effects for 11 countries in central and eastern Europe on a disaggregated set of quarterly data covering the period from the mid-1990s to the first quarter of 2008. The Balassa-Samuelson effects are clearly present and explain around 24% of inflation...

Persistent link: https://www.econbiz.de/10005127724