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- W2340891367 abstract "The validity of the Balassa-Samuelson effect seems to be something of a stylized fact for transition countries. This article addresses the question as to whether the productivity bias hypothesis holds for the Czech Republic, Hungary, Poland, Slovakia, and Slovenia between 1991 and 2000. In so doing, vec- tor autoregression model-based (VAR) cointegration analysis is employed. The results are rather varied and suggest that the Balassa-Samuelson effect is not of the same importance for each country. Generally, wefind long-term cointegration relationships between productivity growth and relative prices while the link be- tween relative prices and the real exchange rate is found to be much weaker We then determine the extent to which the Balassa- Samuelson effect may influence inflation and real exchange rates during transition." @default.
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- W2340891367 date "2002-01-01" @default.
- W2340891367 modified "2023-09-24" @default.
- W2340891367 title "Does the Productivity-Bias Hypothesis Hold in the" @default.
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