The Balassa-Samuelson effect in Central and Eastern Europe: Myth or reality?
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In this article, the authors studied the Balassa-Samuelson effect in nine Central and East European countries and found that the productivity growth differential in the open sector leads to inflation in non-tradable goods.About:
This article is published in Journal of Comparative Economics.The article was published on 2003-09-01 and is currently open access. It has received 192 citations till now. The article focuses on the topics: Balassa–Samuelson effect & Inflation.read more
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Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues*
TL;DR: In this paper, the authors present an overview of the various methods available for calculating equilibrium exchange rates and discuss how useful they are likely to be for the transition economies of the former soviet bloc.
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Purchasing power parity for developing and developed countries. what can we learn from non‐stationary panel data models?
Imed Drine,Christophe Rault +1 more
TL;DR: In this paper, the robustness of the PPPP concept for a sample of 80 developed and developing countries was examined for measuring the long-run behavior of the real exchange rate in African, Asian, Latin American and Central and Eastern European countries.
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Comparing economic dynamics in the eu and cee accession countries
TL;DR: In this paper, the authors present evidence for structural differences in economic growth dynamics between the current EU and the central and eastern European accession countries, including Hungary, Poland and Slovenia.
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European Integration, Productivity Growth and Real Convergence
Ali M. Kutan,Taner M. Yigit +1 more
TL;DR: This article derived a stochastic endogenous growth model that investigates the impact of European Union integration on convergence and productivity growth and derived implications for the first-round EU candidate countries to derive implications.
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Real Convergence, Price Level Convergence and Inflation Differentials in Europe
TL;DR: In this article, the authors provide a comprehensive review of the factors that can cause price levels to diverge and which are at the root of different inflation rates in Europe including the EU-27.
References
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Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors
TL;DR: In this paper, a method for testing the null of no cointegration in dynamic panels with multiple regressors and computing approximate critical values for these tests is presented. But the method is limited to simple bivariate examples, in large part due to the lack of critical values available for more complex multivariate regressions.
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The Purchasing-Power Parity Doctrine: A Reappraisal
TL;DR: The purchasing power parity (HIE) doctrine has had its ebbs and flows I over the years as mentioned in this paper and it has also had its critics, among others Taussig after World War J4 and Haberler after WWIJ,5 but it has managed to survive nevertheless.
Book ChapterDOI
Fully modified OLS for heterogeneous cointegrated panels
TL;DR: In this paper, the authors used fully modified OLS principles to develop new methods for estimating and testing hypotheses for cointegrating vectors in dynamic panels in a manner that is consistent with the degree of cross sectional heterogeneity that has been permitted in recent panel unit root and panel cointegration studies.
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Testing for Unit Roots in Heterogeneous Panels
TL;DR: Im, Pesaran and Shin this paper, "Testing for Unit Roots in Heterogeneous Panels", J. of Econometrics, vol 115,53-74.