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TESTING THE BALASSA-SAMUELSON EFFECT: IMPLICATIONS FOR GROWTH AND PPP. 1. Introduction. For most countries there has been a tendency for increases in the ...

http://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID252427_code001211580.pdf?abstractid=252427&mirid=1

implications for interpretation of the inflation and exchange rate ... However, most of the studies do not test the extent to which ...... overestimates of the Balassa-Samuelson effect. Chart 5. Growth of ..... Froot, K and K Rogoff (1985): “Perspectives on PPP and long-run real exchange rates”, in R Jones and P ...

http://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID901206_code543654.pdf?abstractid=901206

by J Tica - Cited by 7

http://web.efzg.hr/RePEc/pdf/Clanak 06-07.pdf

could be reconciled with the well-known Balassa-Samuelson effect, ...... They start out with test of simple. PPP, dealing with tests that a given CPI basket ...

http://www.econ.ucla.edu/harberger/ah-ecgrowth.pdf

absolute version of PPP relies on spatial arbitrage in an integrated, ... Balassa and Samuelson also examined the effect that deviations of ... the implications for the relative price of nontradables of integrating ..... To test the predictions of the model, Asea & Mendoza construct a cross--country sectoral panel ...

http://www.econ.ucla.edu/workingpapers/wp710.pdf

by A Lojschová - Cited by 24

http://www.ihs.ac.at/publications/eco/es-140.pdf

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http://www.ihs.ac.at/publications/eco/es-180.pdf

dation for the Balassa–Samuelson assumption that productivity growth is slower in ... Second, whether a good is tradable or not has implications not only for cross- ... 1Hsieh and Klenow (1997) recently argued that low PPP investment rates in ... like to test the robustness of the interaction effect of urbanization ...

http://homepages.nyu.edu/~pk696/KaradiKorenOct08.pdf

Faria, J.R., and León-Ledesma, M. (2000) Testing the Balassa-Samuelson Effect: Implications for Growth and PPP. University of Kent at Canterbury, ...

http://ecpr-sgeu.lboro.ac.uk/research/zoubanov3.pdf

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http://www.esce.fr/dlw/recherche/ArticlesColl2008/Palic.PDF

Faria, R and M.L. Ledesma (2000) 'Testing the Balassa-Samuelson Effect: Implications for Growth and PPP'. Mimeo, Department of Economics, University ...

http://www.econ.uoa.gr/UA/files/73853304..pdf

Keywords: PPP; Balassa-Samuelson effect; Productivity; Unit Roots; Russia; ... implications of this effict is the positive relationship between per .... in productivity growth between sectors, one should test the following theoretical ...

http://chertosha.com/eco/PPP_sum.pdf

be attributed to unbalanced productivity growth between the two sectors. For the ... We test the Balassa-Samuelson effect by using cointegration techniques. ..... Productivity trends in Europe: implications for real exchange ... Froot, K. A. and Rogoff, K. (1995) Perspectives on PPP and ...

http://www.informaworld.com/index/713691637.pdf

known Harrod-Balassa-Samuelson (HBS) effect that .... in testing the validity of relative PPP reflects the need ... parison of aggregate growth rates between countries, ... wage and price implications subsequently transmitted ...

http://www.informaworld.com/index/741474686.pdf

by I LJUBAJ - 2007 - Related articles

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by R MacDonald - Cited by 105

http://www.bancentral.gov.do/trabajos_investigacion/paperno09.pdf

The different implications of the Balassa effect for the Central and Eastern European ... are the growth rate of final demand prices in the CEECs and the euro area ...... with the PPP exchange rate (i.e. the exchange rate that equates the price ... In order to test this effect, relative price levels of a group of ...

http://www.banque-france.fr/gb/publications/telechar/bulletin/122etud1.pdf

by R MacDonald - Related articles

http://imf.org/external/pubs/ft/wp/2001/wp0138.pdf

by Q Guo - 20081964) is that high productivity growth of the tradable sector compared ..... where in the Balassa and Samuelson framework it is assumed that the PPP holds for ..... Implications of an Intertemporal Model of the. Yen/Dollar Rate,” Mimeo ...

https://lra.le.ac.uk/bitstream/2381/7482/1/dp08-8.pdf

deviations from PPP. Since the differences in productivity increases are expected to be larger in high growth countries, the Balassa-Samuelson effect should ...

http://www.fordham.edu/images/academics/graduate_schools/gsas/economics/tzilianos.pdf

by K Juselius - 2005 - Cited by 3

http://www.cide.info/conf/papers/j1.pdf

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According to the Balassa-Samuelson effect, productivity gains in the domestic tradable sector ... The Penn effect and the misalignments of the RER from its PPP .... These conclusions may not be robust because of the low power of the test ... growth of the non-tradable service as well. Mac Donald and Ricci (2005, ...

http://www.eui.eu/Personal/Researchers/CosimoPancaro_Welcome/Pancaro_BS&PennEffect_November2009.pdf

For testing the Balassa-Samuelson hypothesis, the relationship between the ..... i.e., relative PPP in tradables holds), while Japan seems to have experienced a ..... thinking seriously about the Balassa-Samuelson effect in the fast-growing ... with the implications of the Balassa-Samuelson hypothesis. ...

http://www.nber.org/papers/c8616.pdf?new_window=1

range of estimates is far larger once one ventures beyond the B-S/PPP approach. .... Balassa-Samuelson effect nor solely by the short-term fluctuations of monetary policy ... This claim has important implications for our ability to make ... supply-side growth. So we need a better specification to capture the ...

http://www.nber.org/books_in_progress/china07/frankel7-29-08comment.pdf

Faria JR, Leon-Ledesma L (2000) Testing the Balassa–Samuelson effect: implications for growth and PPP. University of Kent, Discussion Papers in Economics, ...

http://www.springerlink.com/index/46517660653558N5.pdf

is purchasing power parity (PPP) for tradables, and the other is that all ... implications of the model. The rest of this paper has been constructed as follows. ..... Balassa-Samuelson effects, but I also test the hypothesis that the relative .... I use are government consumption over GDP, growth rate of GDP, and ...

http://www.springerlink.com/index/T5RP976DK84QK6GR.pdf

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and testing. Econometrica, 55 (2): 251-276. Faria, J.R. and M. Leon-Ledesma, 2003. Testing the balassa-samuelson effect: Implications for growth and the PPP ...

http://scialert.net/pdfs/ijaef/2008/13-18.pdf

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http://www.dnb.nl/binaries/sr081_tcm46-146858.pdf

by AM Taylor - Cited by 331

http://www.ssc.wisc.edu/~mchinn/taylor&taylor_PPP_JEP.pdf

by B Égert - Cited by 131

http://www.bof.fi/NR/rdonlyres/FBADB981-B092-4357-879F-21C0AF3377F8/0/dp0602.pdf

by B Égert - 2002 - Cited by 138

http://deepblue.lib.umich.edu/bitstream/2027.42/39868/3/wp483.pdf

Does PPP hold empirically? • Empirical test of the Law of one price: – No support! ... wages: The Balassa-Samuelson Effect ... Finally: Implications for the fisher effect ... Real (growth and demand differentials) and Monetary (PPP) ...

http://signe.krogstrup.com/IE/Archive/SlidesCH15_PPP.pdf

“Testing the Balassa-Samuelson effect: Implications for growth and PPP” with M. Leon-. Ledesma, 16th Annual Congress of the European Economic Association, ...

http://www.business.uts.edu.au/finance/research/newsletters/May2001.pdf

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by F BREUSS - 2002 - Cited by 43

http://fritz.breuss.wifo.ac.at/Empirica-29-2002.pdf

Hence, the Balassa-Samuelson model also shows why deviations from PPP may ... When testing empirically the Balassa-Samuelson effect, we can distinguish ...

http://leda.univ-evry.fr/PagesHtml/laboratoires/Epee/EPEE/documents/wp/05-15.pdf

Balassa-Samuelson hypothesis. However, the growth in the non traded .... Therefore the t-test, although unable to reject the Balassa-Samuelson ..... There are three main implications that we can get from the empirical analysis .... Froot, Kenneth and Kenneth Rogoff (1995), “Perspectives on PPP and the Long-Run Real ...

http://home.gwu.edu/~mciprian/Cipriani-BalassaTransition.pdf

by L Halpern - Cited by 201

http://hei.unige.ch/~wyplosz/lh_cw_bs.pdf

Abstract: This paper explores some implications of structural change that is caused by .... observation that purchasing power parity (PPP)-based measures of income change .... Interpreting the Balassa-Samuelson effect. Sustained growth over a long ..... the impact of means-testing in unemployment insurance systems. ...

http://www.oecd.org/dataoecd/49/6/35932675.pdf

by T Bayram - 2007 - Related articles

http://www.eurojournals.com/Pages from irjfe 9-11 temimi.pdf

Thus, it is common to test relative PPP, which holds that the .... purchasing power parity did indeed hold, as well as other implications of the ..... year since 1880; the opposite trend has sometimes been observed in slow growth eras, for .... of the Harrod-Balassa-Samuelson effect to model and estimate the slower ...

http://www.econ.ucdavis.edu/faculty/amtaylor/papers/w10607.pdf

by I Méjean - Cited by 4

http://www.economieinternationale.eu/anglaisgraph/workpap/pdf/2006/wp06-12.pdf

by DC Parsley - Cited by 60

http://finance.wharton.upenn.edu/~bodnarg/courses/readings/BigMacMicrofound_Parley_Wei.pdf

range of estimates is far larger once one ventures beyond the B-S/PPP approach. ... I hadn't done this particular test myself, but one probably .... Balassa-Samuelson effect nor solely by the short-term fluctuations of monetary policy ... This claim has important implications for our ability to make ...

http://www.hks.harvard.edu/fs/jfrankel/ChinnCheungFujiComtAug07.pdf

growth in non-tradable industries. The estimates in this paper suggest that ... The Balassa-Samuelson effect has major implications for interpretation of ...

http://www.bis.org/publ/work143.pdf