Ghavidel, Saleh; Mahmoudzadeh, Mahmoud; Radfar, Hamideh - International Institute of Social and Economic Sciences - 2014
Deviations from purchasing power parity because a deviation of productivity is Balassa–Samuelson effect. The Balassa–Samuelson effect depends on inter-country differences in the relative productivity of the tradable and non-tradable sectors. According to this hypothesis, Imai (2010) make a...