Balassa-Samuelson and other effects
Intra-national Purchasing Power Parity and Balassa-Samuelson Effects in Italy
... and Balassa-Samuelson Effects in Italy Abstract Considering a sample of 71 Italian metropolitan areas, this paper goes beyond the assumption that there exists a unique core inflationary process in a ...
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Can we identify Balassa-Samuelson effects with measures of product variety?
... The Balassa-Samuelson hypothesis – ...the Balassa-Samuelson hypothesis with innovative trade-based vari- ety measures to differentiate between tradables and non-tradables sector productivities ...
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Real Exchange Rates in Developing Countries: Are Balassa-Samuelson Effects Present?
... The Balassa-Samuelson hypothesis would seem to be especially relevant for devel- oping countries where relative prices and productivities are likely to be more vari- ...whether ...
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The real exchange rate in the long run: Balassa-Samuelson effects reconsidered
... 4 Balassa-Samuelson ...the Balassa-Samuelson ...the Balassa-Samuelson effect with the coefficient of the income differential in the real exchange rate ...the Balassa- ...
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Estimating the Baumol-Bowen and Balassa-Samuelson effects in the Polish economy -- a disaggregated approach
... On the other hand, in the shorter sub-sample the relative contribution of this eect to Polish in ation was much higher and amounted almost to 50%. The long-run estimates clearly outperform the short-run impact. ...
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Estimating the Baumol-Bowen and Balassa-Samuelson Effects in the Polish Economy - a Disaggregated Approach
... Submitted: 9.08.2010, Accepted: 30.01.2011 Abstract This paper estimates the magnitude of the Baumol-Bowen and Balassa- Samuleson eects in the Polish economy. The purpose of the analysis is to establish to what ...
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How To Calculate The Balassa-Samuelson Effect
... Paradoxically, the usual demand effects are negative for the CEECs. Thus, according to these findings, an increase in overall demand has not led to a rise in relative demand in services like in other ...
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A Spatial Explanation for the Balassa-Samuelson Effect
... The Bhagwati-Kravis-Lipsey hypothesis argued that differences in labor intensity explains the differential effects of development on tradable and non-tradable prices. To test this hypothesis, we use the NBER ...
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Catching-up and inflation in Europe: Balassa-Samuelson, Engel’s Law and other Culprits
... the Balassa- Samuelson variable is always insignificant at conventional significance levels and is mostly ...two other alternative measures are neither correctly signed nor ...fixed effects or ...
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The Balassa Samuelson relationship: theory, evidence and implications
... The novel prediction of the model is that controlling for per capita in- come, inequality is correlated with the national price level. The basic intu- ition is: suppose a country, whose income distribution is made up of ...
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PPP and the Balassa Samuelson Effect: the Role of the Distribution Sector
... here. Of course, one good reason for including time dummies in the original regression equations is that they sweep out the common effects arising from the use of a numeraire currency, the US dollar. However, ...
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Regional inflation, spatial location and the Balassa Samuelson effect
... traded using modern technologies, and there is a less significant amount of transaction costs involved in trading compared with consumer goods, the main components of the CPI, which need to be physically shipped. While ...
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The Balassa-Samuelson model in general equilibrium with markup variations
... the Balassa-Samuelson model is insensitive to changes in the price-elasticity of non traded ...the Balassa-Samuelson setup in which ˜ µ N equals one (the dotted ...quantitative effects ...
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The Harrod-Balassa-Samuelson Effect: A Survey of Empirical Evidence
... Jose De Gregorio, Alberto Giovannini and Holger Wolf (1994) built on Rogoff's original (1992) model. They relaxed the extreme assumption of perfect competition with regard to goods and factors markets, perfect ...
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Revisiting the Balassa–Samuelson effect: International tourism and cultural proximity
... impact, other than the level of wages in the tourist service sector or its share, which have to be accounted for in the model, such as the third party countries consumption influence on the between PPP ...
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Inflation – Harrod-Balassa-Samuelson effect in a DSGE model setting
... productivity effects of production factors and the effects of the demand side of the economy on price ...In other words, conclusions regarding the HBS theory from cross-country analyses can only be ...
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The Inflation Target of the ECB: Does the Balassa-Samuelson Effect Matter?
... The tests show that the basic relationship is found only in Belgium, in Germany and in Spain; whereas the extended model can explain the developments in relative prices in all countries except for the Netherlands. In a ...
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CEC5: On The Estimated Size of the Balassa-Samuelson Effect in CEC5 Countries
... The sources of relative price movements in the Czech economy deserve a closer look though, see Figure 3-3 and Table 3-3. Firstly, while the relative value added deflators and price indices moved in parallel in the first ...
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An empirical estimation of Balassa – Samuelson effect in case of eastern european countries
... Zaman observed that “a s a complementary update to these rather classical conditions, the Maastricht agreement introduced four new nominal criteria of convergence on interest rate, exchange rate, price stability and ...
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Harrod-Balassa-Samuelson Effect in Selected Countries of Central and Eastern Europe
... three effects related to the HBS theory (rising relative productivities, relative prices and real appreciation of exchange rates) has been observed in the CEECs, it is not surprising that the HBS hypotheses have ...
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