Search Results - subject:"balassa€“Samuelson effect"

The Balassa-Samuelson Hypothesis and Elderly Migration

Zuleta, Hernando - 2009

We present an Overlapping Generations Model with two final goods: tradable goods are produced with a standard Cobb-Douglas production function and non-tradable goods are produced with linear production function where the only factor is labor. We maintain the fundamental assumption of factor...

Persistent link: https://www.econbiz.de/10013154931

Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe

Belke, Ansgar Hubertus - 2009

The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the...

Persistent link: https://www.econbiz.de/10013155099

Harrod-Balassa-Samuelson Effect in Selected Countries of Central and Eastern Europe

Blaszkiewicz, Monika - 2009

This study investigates the HBS effect in a panel of nine CEECs during 1993:Q1-2003:Q4 (unbalanced panel). Prior to estimating the model, we analyze several key assumptions of the model (e.g. wage equalisation, PPP and sectoral division) and elaborate on possible consequences of their failure to...

Persistent link: https://www.econbiz.de/10013159192

Real convergence, capital flows, and competitiveness in Central and Eastern Europe

Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - 2009

Persistent link: https://www.econbiz.de/10003897541

Real exchange rate misalignments : theoretical modelling and empirical evidence

Kubota, Megumi - 2009

Persistent link: https://www.econbiz.de/10003899101

Real convergence, capital flows, and competitiveness in Central and Eastern Europe

Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - 2009

Persistent link: https://www.econbiz.de/10003901015

Real convergence, capital flows, and competitiveness in central and Eastern Europe

Belke, Ansgar; Schnabl, Gunter; Zemanek, Holger - 2009

Persistent link: https://www.econbiz.de/10003889534

Productivity, the terms of trade and the real exchange rate : the Balassa-Samuelson hypothesis revisited

Choudhri, Ehsan U. - 2009

The paper examines how the Balassa-Samuelson hypothesis is affected by a modern variation of the standard model that allows product differentiation (within the traded and nontraded goods sectors) with the number of firms determined exogenously or endogenously. The hypothesis is found to be...

Persistent link: https://www.econbiz.de/10003933283

The Balassa-Samuelson hypothesis in developed countries and emerging market economies : different outcomes explained

García-Solanes, José (contributor); … - 2009

remain to some extent segmented, as reflected in departures from PPP in the tradable sectors. -- Balassa-Samuelson effect … Economic Models” JEL: E31, F31, C15 Keywords: Balassa–Samuelson effect; panel cointegration; cross-sectional dependence …

Persistent link: https://www.econbiz.de/10003812733

Balassa-Samuelson and wage, price and unemployment dynamics in the Spanish transition to EMU membership

Jusélius, Katarina (contributor); … - 2009

measured by the German price level) corrected for the Balassa-Samuelson effect. In the medium run this long-run convergence was … on Spanish labour market and the convergence to a European level of prosperity. We found that the Balassa-Samuelson … rather than higher prices. Thus, much of the burden of adjustment was carried by unemployment in this period. -- Balassa-Samuelson …

Persistent link: https://www.econbiz.de/10003812744