Égert, Balázs; Drine, Imed; Lommatzsch, Kirsten; … - William Davidson Institute, University of Michigan - 2002
This paper studies the Balassa-Samuelson effect in 9 CEECs . Using panel cointegration techniques, we find strong … misleading when analysing the Balassa-Samuelson effect. The paper also shows that the appreciation of the transition economies … Balassa-Samuelson effect. Instead, we argue that a trend increase in tradable prices is behind this phenomenon. …