The Balassa-Samuelson relationship : theory, evidence and implications
Balassa and Samuelson showed that as we move towards richer countries the measured price level becomes higher. Their proposed explanation was to appeal to the presence of a service element in most goods. In this thesis, I begin by introducing an exploring of an alternative candidate explanation for...
| Main Author: | |
|---|---|
| Published: |
London School of Economics and Political Science (University of London)
2011
|
| Subjects: | |
| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.574140 |