This research aims to test the functionality of the standard and the modifi ed HBS model, with the intention to discover whether sectoral differences in labor productivity affect the dinar/euro real exchange rate. The fi rst part of the analysis is based on the standard HBS model, which mathematically formalizes the dependence of the real exchange rate on the difference in the relative labor productivity in the open sector between Serbia and the EMU. The second part of the research relies on a modifi ed version of the HBS model which differs from the standard HBS model since the effect of the distribution sector is separately analyzed. The empirical testing of both models was performed by applying the Johansen and the Engle-Granger tests. T...
Abstract: The Balassa-Samuelson (BS) effect is usually considered as the prime explanation of the co...
There are many studies aiming at estimation of aggregate trade effects of the euro adoption by the o...
The focus of this research holds the most important determinants of real exchange rate covered by va...
This research aims to test the functionality of the standard and the modifi ed HBS model, with the i...
This research aims to test the functionality of the standard and the modifi ed HBS model, with the i...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
This paper shows the results of empirical testing of Balassa-Samuelson model functionality in case o...
This paper tries to explain empirical causation between the exports and the real exchange rate. The ...
Paper presents a first-hand examination of the Balassa-Samuelson effect in Slovenia. Different measu...
This paper tries to explain empirical causation between the exports and the real exchange rate. The ...
The goal of this study is to investigate whether there are empirical proofs for sustainability of re...
In this paper we investigate Harrod Balassa Samuelson (HBS) effect in 11 transition countries. A lar...
The main objective of this paper is to assess the importance of the Balassa-Samuelson effect in Croa...
Abstract: The Balassa-Samuelson (BS) effect is usually considered as the prime explanation of the co...
There are many studies aiming at estimation of aggregate trade effects of the euro adoption by the o...
The focus of this research holds the most important determinants of real exchange rate covered by va...
This research aims to test the functionality of the standard and the modifi ed HBS model, with the i...
This research aims to test the functionality of the standard and the modifi ed HBS model, with the i...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
This paper shows the results of empirical testing of Balassa-Samuelson model functionality in case o...
This paper tries to explain empirical causation between the exports and the real exchange rate. The ...
Paper presents a first-hand examination of the Balassa-Samuelson effect in Slovenia. Different measu...
This paper tries to explain empirical causation between the exports and the real exchange rate. The ...
The goal of this study is to investigate whether there are empirical proofs for sustainability of re...
In this paper we investigate Harrod Balassa Samuelson (HBS) effect in 11 transition countries. A lar...
The main objective of this paper is to assess the importance of the Balassa-Samuelson effect in Croa...
Abstract: The Balassa-Samuelson (BS) effect is usually considered as the prime explanation of the co...
There are many studies aiming at estimation of aggregate trade effects of the euro adoption by the o...
The focus of this research holds the most important determinants of real exchange rate covered by va...