The Balassa-Samuelson Effect in Central and Eastern Europe: Myth or Reality?
نویسندگان
چکیده
منابع مشابه
Balassa-Samuelson Effect in the CEECs?
This paper offers a detailed assessment of the Balassa-Samuelson (BS) effect in eight Central and Eastern European countries (CEEC8). Several features distinguish this study from others: First, we investigate a variety of specifications of extended models. Nonhomogeneity of wages, deviations from PPP in tradables and demand side variables are found to importantly contribute to explain inflation...
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It is conventional wisdom that richer countries have a higher price level than poorer countries. This paper provides evidence that the price-income relationship is non-linear and that it turns negative, or at best flat, in low income countries. The result is robust along both cross-section and time-series dimensions. Additional robustness checks show that biases in PPP estimation and measuremen...
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متن کاملMyth or Reality?
Received July 17, 2012; final revision received September 26, 2012; accepted September 27, 2012. From the Unité Neuro-Vasculaire, Hôpitaux Universitaires de Strasbourg, Strasbourg Cedex, France (V.W.,V.L.,O.R.,M.B.,C.M.); Université de Strasbourg, EA 3072, Faculté de Médecine, Strasbourg Cedex, France (V.W.,O.R.,B.G.); and Université de Strasbourg, CNRS UMR-7237, Faculté de Médecine, Strasbourg...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2003
ISSN: 1556-5068
DOI: 10.2139/ssrn.320884