According to the Balassa-Samuelson effect, productivity gains in the domestic tradable sector raise the relative price … that the Balassa-Samuelson effect only explains the Penn effect either for a sufficiently high trade elasticity or for a … of domestic non-tradables causing deviations from the purchasing power parity. In the literature, the Balassa-Samuelson …

to the catching-up process (Balassa-Samuelson effect). Finally, the paper draws conclusions about future monetary and …

The Balassa-Samuelson effect is usually seen as the prime explanation of the continuous real appreciation of central …

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 … Balassa-Samuelson effect. Instead, we argue that a trend increase in tradable prices is behind this phenomenon. …