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This paper analyses the Balassa and Samuelson hypothesis in two groups of European countries: six New Member States (NMS) and six advanced EU-15 economies. It is found that the second stage of the hypothesis, which relates relative sector prices with the real exchange rate, does not hold...
Persistent link: https://www.econbiz.de/10003411768
Persistent link: https://www.econbiz.de/10003462124
Persistent link: https://www.econbiz.de/10003723759
This paper analyses the Balassa and Samuelson hypothesis in two groups of European countries: six New Member States (NMS) and six advanced EU-15 economies. It is found that the second stage of the hypothesis, which relates relative sector prices with the real exchange rate, does not hold...
Persistent link: https://www.econbiz.de/10010273767