Search Results - subject:"Samuelson effect"

Balassa-Samuelson Meets South Eastern Europe, the CIS and Turkey: A Close Encounter of the Third Kind?

Égert, Balázs - In: European Journal of Comparative Economics 2 (2005) 2, pp. 221-243

This paper investigates the importance of the Balassa-Samuelson effect for two acceding countries (Bulgaria and Romania … assumptions of the Balassa-Samuelson effect using yearly data, and then undertakes an econometric analysis of the assumptions on … open and closed sectors, which makes a difference for some of the countries. The Balassa-Samuelson effect is found to play …

Persistent link: https://www.econbiz.de/10005000702

Testing the BalassA-Samuelson hypothesis in two different groups of countries: OECD and Latin America

Solanes, José García; Flores, Fernando Torrejón - Asociación Española de Economía y Finanzas … - 2005

This paper studies the Balassa-Samuelson hypothesis (BSH) in the context of two areas with strong differences in economic development, twelve OECD countries and twelve Latin American economies, taking the USA as the benchmark. Applying panel cointegration techniques, we find that while the first...

Persistent link: https://www.econbiz.de/10008493834

The Balassa-Samuelson effect and the wage, price and unemployment dynamics in Spain

Juselius, Katarina; Ordóñez, Javier - Asociación Española de Economía y Finanzas … - 2005

This paper provides an empirical investigation of the wage, price and unemployment dynamics that have taken place in Spain during the last two decades. The aim of this paper is to shed some light on the impact of the European economic integration process on Spanish labour market and the...

Persistent link: https://www.econbiz.de/10008498174

Equilibrium Exchange Rates in Central and Eastern Europe: A Meta-Regression Analysis

Égert, Balázs; Halpern, László - William Davidson Institute, University of Michigan - 2005

misalignments reported in the literature are systematically influenced, inter alia, by the underlying theoretical concepts (Balassa-Samuelson … effect, Behavioural Equilibrium Exchange Rate, Fundamental Equilibrium Exchange Rate) and by the econometric estimation …

Persistent link: https://www.econbiz.de/10005677561

Equilibrium exchange rates in Central and Eastern Europe: A meta-regression analysis

Égert, Balázs; Halpern, László - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2005

Persistent link: https://www.econbiz.de/10005190679

Productivity differentials and external balance in ERM II

Henriksson, Marketta - Suomen Pankki - 2005

Differences in growth, productivity and inflation levels are going to be a prominent feature of the future of EMU, as the convergence process is still on-going in the new Member States. This convergence process can be described by the Balassa-Samuelson proposition, which states that faster...

Persistent link: https://www.econbiz.de/10005190776

Welfare implications of joining a common currency

Ca' Zorzi, Michele; Santis, Roberto A. De; Zampolli, … - European Central Bank - 2005

This paper examines the welfare implications of a country joining a currency union as opposed to operating in a flexible exchange rate regime. At the country level, the suboptimal response to domestic and foreign shocks and the inability of setting inflation at the desired level may be offset by...

Persistent link: https://www.econbiz.de/10005530724

Análisis del Tipo de Cambio Real: Chile 1986-1999

Cerda, Rodrigo; Donoso, Álvaro; Lema, Aldo - In: Latin American Journal of Economics-formerly Cuadernos … 42 (2005) 126, pp. 329-356

This paper incorporates demand and supply fundamentals in the determination of the Real Exchange Rate (RER). We are able to confirm the negative influence of the ratio expenditure-PIB and the terms of trade on RER, but in addition we find robust evidence

Persistent link: https://www.econbiz.de/10005510187

Paritet pokupatelʹnoj sposobnosti i pričiny otklonenija kursa rublja ot pariteta v Rossii

Čeremuchin, Anton Aleksandrovič (contributor) - 2005

Persistent link: https://www.econbiz.de/10003181768

The equilibrium real exchange rate in a commodity exporting country : Algeria's experience

Koranchelian, Taline - 2005

Persistent link: https://www.econbiz.de/10003112675