factor productivity. Overall, our DOLS estimation results do not support the BS hypothesis. For the last two decades, we find …This paper explores the robustness of the Balassa-Samuelson (BS) hypothesis. We analyze a panel of OECD countries from … 1970 to 2008 and compare three different datasets on sectoral productivity, including a newly constructed database on total …

factor productivity. Overall, our DOLS estimation results do not support the BS hypothesis. For the last two decades, we find …This paper explores the robustness of the Balassa-Samuelson (BS) hypothesis. We analyze a panel of OECD countries from … 1970 to 2008 and compare three different datasets on sectoral productivity, including a newly constructed database on total …

Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …

productivity gains on both the Balassa-Samuelson effect and the behaviour of the tradable real exchange rate is especially assessed …. Subdividing the panel into sub-panels, we show that the B-S effect is a common feature to all economies, but that the tradable …

positive price-income association is attributable, at least partly, to the Balassa-Samuelson productivity differential effect …

Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …

We investigate the link between real exchange rates and sectoral total factor productivity measures for countries in … previous studies that have found little relationship between productivity levels and the real exchange rate among high …

exchange rate (REER), on the one hand, and trade openness, trade balance, the terms of trade, factor productivity, and exchange … depreciation of the REER. The other variables considered in the analysis-factor productivity, trade balance, terms of trade, and …