The Balassa-Samuelson effect: A panel data approach | Comparison between fixed, intermediate and flexible exchange rate regimes

Maria Bernstein

ISBN 10: 6202211016 / ISBN 13: 9786202211017

Published by AV Akademikerverlag, 2020

About this Item

The Balassa-Samuelson effect: A panel data approach | Comparison between fixed, intermediate and flexible exchange rate regimes | Maria Bernstein | Taschenbuch | 76 S. | Englisch | 2020 | AV Akademikerverlag | EAN 9786202211017 | Verantwortliche Person für die EU: BoD - Books on Demand, In de Tarpen 42, 22848 Norderstedt, info[at]bod[dot]de | Anbieter: preigu.

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Bibliographic Details

• Title: The Balassa-Samuelson effect: A panel data approach | Comparison between fixed, intermediate and flexible exchange rate regimes
• Publisher: AV Akademikerverlag
• Publication Date: 2020
• Language: English
• ISBN 10: 6202211016
• ISBN 13: 9786202211017
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 220W x 150H x 6D millimeters 220 millimeters width by 150 millimeters height by 6 millimeters depth
• Weight: 131 grams
• Seller catalogs:
  • Bücher

About this title

Synopsis

Assuming that emerging and developing countries restructure their economy, rapid productivity growth in their industrial sectors is expected. When productivity growth in an emerging market economy is higher than in the chosen industrial country, inflation will be higher in the emerging country. Thus, the consumer price index-based real exchange rate will appreciate in the long run. The annual data set in this paper consists of three 19-year panels from 1996 to 2015. The emerging market economies are allocated to a rough exchange rate classification containing fixed, managed floating and free floating regimes. The Im-Pesaran-Shin panel unit root and Pedroni´s panel cointegration techniques are applied to the two stages of the Balassa-Samuelson hypothesis for each exchange rate regime panel. The impact of the effect on inflation and real appreciation suggests evidence that the simple Balassa-Samuelson effect alone cannot account for the productivity effects.