Relative Prices and Sectoral Labor Productivity Differentials:A long-run Analysis for Greece
AbstractThis paper investigates empirically the long-run linkages between sectoral relative prices and labor productivities implied by the Balassa (1964) ans Samuelson (1964) framework. The role of wage non-homogeneity across sectors is explored by incorporating sectoral wages into the analysis.The results of the cointegration methodology fail to establish the existence of a stable long-run relationship.
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Bibliographic InfoArticle provided by Cyprus Economic Society and University of Cyprus in its journal Ekonomia.
Volume (Year): 4 (2000)
Issue (Month): 2 (Winter)
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- Heather D. Gibson & Jim Malley, 2007.
"The Contribution of Sectoral Productivity Differentials to Inflation in Greee,"
63, Bank of Greece.
- Heather Gibson & Jim Malley, 2008. "The Contribution of Sectoral Productivity Differentials to Inflation in Greece," Open Economies Review, Springer, vol. 19(5), pages 629-650, November.
- Heather D. Gibson & Jim Malley, 2007. "The Contribution of Sectoral Productivity Differentials to Inflation in Greece," Working Papers 2007_39, Business School - Economics, University of Glasgow.
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