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Persistent link: https://www.econbiz.de/10001715519
The Balassa-Samuelson effect is employed to explain the observed differences in inflation between the Chinese provinces. A three-good model is proposed to better take account of the specific features of China. This model which includes, besides Balassa-Samuelson effect, demand side factors, is...
Persistent link: https://www.econbiz.de/10005016508