Construct · 1 fields · 1 citations

balassa-samuelson effect: a standalone construct

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International economics

higher price levels in richer countries because their productivity advantage in traded goods raises wages and prices of non-traded goods.

In international economics, balassa-samuelson effect refers to higher price levels in richer countries because their productivity advantage in traded goods raises wages and prices of non-traded goods. This meaning comes from Balassa (1964) in Journal of Political Economy.[1]

Unit
Recovery means
Measured by

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Nearby constructs

purchasing power parity1 fields · 3 citationsanchor · a standalone construct productivity3 fields · 3 citationsjingle · one word, three constructs

References

Balassa, B. (1964). The Purchasing-Power Parity Doctrine: A Reappraisal. Journal of Political Economy, 72(6), 584-596. https://doi.org/10.1086/258965

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