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Relative Prices and Sectoral Labor Productivity Differentials:A long-run Analysis for Greece

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Author Info
Zacharias Bragoudakis (University of Athens, Department of Economics)
Demetrios Moschos (University of Athens, Department of Economics)

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Abstract

This 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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Publisher Info
Article provided by Cyprus Economic Society and University of Cyprus in its journal Ekonomia.

Volume (Year): 4 (2000)
Issue (Month): 2 (Winter)
Pages: 142-155
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Handle: RePEc:ekn:ekonom:v:4:y:2000:i:2:p:142-155

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Web page: http://www.ekonomia.ucy.ac.cy/society.html
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This page was last updated on 2009-12-23.

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