Solanes, José García; Flores, Fernando Torrejón - Asociación Española de Economía y Finanzas … - 2005
This paper studies the Balassa-Samuelson hypothesis (BSH) in the context of two areas with strong differences in economic development, twelve OECD countries and twelve Latin American economies, taking the USA as the benchmark. Applying panel cointegration techniques, we find that while the first...