Égert, Balázs; Drine, Imed; Lommatzsch, Kirsten; … - 2003
This paper studies the Balassa-Samuelson effect in 9 CEECs. Using panel cointegration techniques, we find strong … misleading when analysing the Balassa-Samuelson effect. The paper also shows that the appreciation of the transition economies …' real exchange rate, which has become something of a stylised fact over the last decade is only partly caused by the Balassa-Samuelson …