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Taux de change reel et effet Balassa-Samuelson


  • Romain Duval


Dans un cadre neo-classique traditionnel, moyennant quelques hypotheses, le taux de change reel d'equilibre de long terme (TCRELT) n'est determine que par la productivite relative du secteur expose national relativement a cette meme productivite relative a l'etranger (effet " Balassa-Samuelson "). Dans cet article, en employant des donnees construites a partir de la base de donnees sectorielles internationales (ISDB) publiee par l'OCDE (14 pays, 1970-1996), nous degageons trois faits stylises complementaires, contraires a la theorie, dont les deux premiers trouvent une premiere confirmation econometrique.

Suggested Citation

  • Romain Duval, 2001. "Taux de change reel et effet Balassa-Samuelson," Economie Internationale, CEPII research center, issue 85, pages 101-128.
  • Handle: RePEc:cii:cepiei:2001-1te

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    References listed on IDEAS

    1. repec:cii:cepidt:1898-05 is not listed on IDEAS
    2. Keith Head & Thierry Mayer, 2000. "Non-Europe: The magnitude and causes of market fragmentation in the EU," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 136(2), pages 284-314, June.
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    4. Simon J. Evenett & Wolfgang Keller, 2002. "On Theories Explaining the Success of the Gravity Equation," Journal of Political Economy, University of Chicago Press, vol. 110(2), pages 281-316, April.
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    7. Guillaume Gaulier, 2001. "Discrimination commerciale : une mesure à partir des flux bilatéraux," Working Papers 2001-04, CEPII research center.
    8. Alan Deardorff, 1998. "Determinants of Bilateral Trade: Does Gravity Work in a Neoclassical World?," NBER Chapters,in: The Regionalization of the World Economy, pages 7-32 National Bureau of Economic Research, Inc.
    9. Antoine Bouët & Lionel Fontagné & Mondher Mimouni & Xavier Pichot, 2001. "Market Access Maps: A Bilateral and Disaggregated Measure of Market Access," Working Papers 2001-18, CEPII research center.
    10. Laird, S., 1996. "Quantifying Commercial Policies," Papers 96-001, Stanford - Institute for Thoretical Economics.
    11. Alan V. Deardorff & Robert M. Stern, 1997. "Measurement of Non-Tariff Barriers," OECD Economics Department Working Papers 179, OECD Publishing.
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    Cited by:

    1. Nanno Mulder & Anne-Laure Baldi, 2004. "The Impact of Exchange Rate Regimes on Real Exchange Rates: ABC and Mexico in the 1990s," Econometric Society 2004 Latin American Meetings 45, Econometric Society.
    2. Égert, Balázs, 2002. "Investigating the Balassa-Samuelson hypothesis in transition : Do we understand what we see?," BOFIT Discussion Papers 6/2002, Bank of Finland, Institute for Economies in Transition.

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    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange


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