Grauwe, Paul De; Skudelny, Frauke - Centrum voor Economische Studiën, Faculteit Economie … - 2000
The aim of this paper is to find out whether the Balassa-Samuelson effect is important in EMU. We use panel data going from 1970 to 1995 for the current EU members in order to estimate the long run effect of bilateral differences in productivity growth differential between the traded and...