Taylor, Alan M.; Bergin, Paul; Glick, Reuven - Economics Department, University of California-Davis - 2005
countries, a stylized fact usually attributed to the Balassa- Samuelson effect. But looking back fifty years, this effect … an updated Balassa-Samuelson model inspired by recent developments in trade theory, where a continuum of goods are … likely to become tradable and crowd out firms not experiencing productivity gains. As a result the usual Balassa …