This paper studies the Balassa-Samuelson (B-S) effect in the Czech Republic, Hungary, Poland, Slovakia and Slovenia. We … economies under study during the period from 1991:Q1 to 2001:Q2. However, we find, that productivity growth does not fully … translate into price increases because of the construction of the CPI indexes. We therefore argue that productivity growth will …

This paper studies the Balassa-Samuelson effect in the Czech Republic, Hungary, Poland, Slovakia and Slovenia. Time … economies during the period 1991:Q1 to 2001:Q2. However, productivity growth does not fully translate into price increases due … to the structure of CPI indexes. We thus argue that productivity growth will not hinder the ability of the five EU …

In this paper, we investigate whether the Balassa-Samuelson (B-S) effect holds for the Czech Republic, Hungary, Poland …, Slovakia and Slovenia during the transition process. The co-integration analysis suggests that the importance of the B-S effect … does differ across countries. Generally, we can establish long-term co-integration relationships between productivity …

Republic, Hungary, Poland, Slovakia and Slovenia - and the euro area in terms of differences in productivity growth between … productivity differentials explain on average only between 0.2 and 2.0 percentage points of annual inflation differentials vis …-a-vis the euro area. Productivity differentials also explain only a small proportion of domestic inflation in central European …

for the period 1993:Q1 to 2002:Q1 to show that the productivity differential is related to the GDP-deflator relative price … - we show that excluding regulated prices makes it possible to detect a robust relationship between productivity and the …-S effect on the inflation differential and the real appreciation of the exchange rate against Finland, Sweden, Germany and the …

parameters for six non-EMU European countries (Czech Republic, Hungary, Poland, Slovakia, Sweden, United Kingdom) using a …

six non-EMU European countries (Czech Republic, Hungary, Poland, Slovakia, Sweden, and the UK) using a heterogeneous …