Relative Prices and Sectoral Labor Productivity Differentials:A long-run Analysis for Greece
This paper investigates empirically the long-run linkages between sectoral relative prices and labor productivities implied by the Balassa (1964) ans Samuelson (1964) framework. The role of wage non-homogeneity across sectors is explored by incorporating sectoral wages into the analysis.The results of the cointegration methodology fail to establish the existence of a stable long-run relationship.
Year of publication: |
2000
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Authors: | Bragoudakis, Zacharias ; Moschos, Demetrios |
Published in: |
Ekonomia. - Cyprus Economic Society - CES. - Vol. 4.2000, 2, p. 142-155
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Publisher: |
Cyprus Economic Society - CES |
Saved in:
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