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Balassa–Samuelson effect
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==External links== * [https://ideas.repec.org/p/dnb/staffs/81.html Widely cited examination of the relationship between distribution-sector productivity and the effect] with links to the academic Balassa–Samuelson effect discussion *[http://www.ecb.int/press/key/date/2001/html/sp011112.en.html The European Central Bank defines BS-effect from the inflation point of view] but says even countries undergoing very rapid traded-goods productivity growth only experience inflationary pressure in the 1-2% range, and inflation sources other than Balassa–Samuelson have proven more significant for past Euro converge candidates like [[Greece]]. * [https://web.archive.org/web/20070930031219/http://www.kent.ac.uk/economics/papers/papers-pdf/2000/0008.pdf An Empirical test of Balassa–Samuelson from 2000]. ::"results do not show supportive evidence for the Balassa–Samuelson effect in the long run." * [https://web.archive.org/web/20070709201201/http://www.defm.fmph.uniba.sk/cef/prezentacie/toth.ppt Useful summary of the different Exchange Rate Equilibrium models, including Balassa–Samuelson, as models for estimating a stable Koruna/Euro level] * [https://web.archive.org/web/20150801135419/http://iariw.org/ The International Association for Research in Income and Wealth]'s Product Price Differences across Countries (2004) traces the history of the qualitative description given by the Balassa–Samuelson effect back to [[David Ricardo]]. * [https://web.archive.org/web/20070328193416/http://www.eldis.org/static/DOC16103.htm Paper disputes the applicability of the ''law of one price'' to traded goods; so that the pure Balassa–Samuelson effect is an underestimate of likely RER changes] - Cincibuch & Podpiera (2004) studied the RER appreciation to explain why it exceeds the Balassa–Samuelson prediction in the case of bilateral ''[[Germany|German]]-[[Central Europe]]an country trade'' as the traded goods' productivity gap has declined. They argue that in practise, border barriers mean that tradables appreciate with productivity, and say: ::"Real appreciation is also observed in tradables and often accounts for the bulk in the overall appreciation". * [http://www.etsg.org/ETSG2003/papers/wojcik.pdf A breakdown of the demand and supply side effects on the exchange rate from rising productivity] by professor [[Ronald MacDonald (economist)|Ronald MacDonald]] of [[Strathclyde University]] and C. Wojcik of the Warsaw School of Economics. {{DEFAULTSORT:Balassa-Samuelson Effect}} [[Category:Economics effects]]
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