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

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

Monetary Policy Choices in Emerging Market Economies : The Case of High Productivity Growth

Natalucci, Fabio M.; Ravenna, Federico - 2008

inflation and exchange rate within predetermined numerical targets. We also find that the Balassa-Samuelson effect raises by an … tradable and non-tradable sectors result in an equilibrium appreciation of the real exchange rate - the so-called Balassa-Samuelson … effect. The paper explores the dynamic properties of this economy and the welfare implications of alternative policy rules …

Persistent link: https://www.econbiz.de/10014214936

Does the Balassa-Samuelson Hypothesis Hold for Asian Countries? An Empirical Analysis Using Panel Data and Cointegration Tests

Drine, Imed; Rault, Christophe - 2008

This paper tests empirically the Balassa-Samuelson (BS) hypothesis using annual data for 6 Asian countries. We apply new panel data cointegration techniques recently developed by Pedroni (2000, 2004) and we compare the results with those obtained with conventional Johansen (1995)'s time series...

Persistent link: https://www.econbiz.de/10014215658

Rich Neighborhood Effect Versus the Balassa-Samuelson Effect : An Income-Based Explanation of International Price Level Differences

Tang, Xiang - 2008

As a standard explanation for national price levels, the Balassa-Samuelson (BS) effect presupposes a homogeneous domestic labor force and intersectoral labor mobility. We propose a contrasting theory of the rich neighborhood effect which allows for domestic labor force heterogeneity. The...

Persistent link: https://www.econbiz.de/10014224289

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

García-Solanes, José (contributor); … - 2008

between national tradable markets. -- Balassa-Samuelson effect ; bootstrapping techniques ; cross-sectional dependence … Models” edited by Katarina Juselius. JEL: E31, F31, C15 Keywords: Balassa-Samuelson effect, bootstrapping techniques …

Persistent link: https://www.econbiz.de/10003672713

A test of the Balassa-Samuelson effect applied to Chinese regional data

Guo, Qian (contributor); Hall, Stephen G. (contributor) - 2008

DEPARTMENT OF ECONOMICS A TEST OF THE BALASSA-SAMUELSON EFFECT APPLIED TO CHINESE REGIONAL DATA …. 08/8 March 2008 1 A Test of the Balassa-Samuelson Effect Applied to Chinese Regional Data By Qian Guo 1 … Effect Applied to Chinese Regional Data ABSTRACT In this paper we investigate the relevance of the Balassa-Samuelson …

Persistent link: https://www.econbiz.de/10003753341

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

Jusélius, Katarina; Ordóñez, Javier - 2008

Persistent link: https://www.econbiz.de/10003826367

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

Mihaljek, Dubravko; Klau, Marc - 2008

Persistent link: https://www.econbiz.de/10003847593

Real exchange rate dynamics in Macedonia : old wisdoms and new insights

Bogoev, Jane; Bojceva Terzijan, Sultanija; Égert, Balázs - 2008

irrelevance of the Balassa-Samuelson effect for overall inflation via service prices in the CPI. Furthermore, we estimate variants … experience an appreciation of their real exchange rate. The Balassa-Samuelson effect is commonly thought to be underlying the … partially explained by the direct Balassa-Samuelson effect. Other sources of appreciation that are identified in the literature …

Persistent link: https://www.econbiz.de/10003719915

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

Jusélius, Katarina (contributor); … - 2008

consumption wages and consumer prices as a result of the Balassa-Samuelson effect should not be allowed to exceed the improvement … the convergence process as long as competitiveness is not eroded by excess wage increases. -- Balassa-Samuelson effect … 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/10003694166