Assessment of the Balassa-Samuelson Effect in Croatia

The main objective of this paper is to assess the importance of the Balassa-Samuelson effect in Croatia and to quantify its influence on inflation and the real exchange rate.The productivity growth differential between tradable and ontradable sectors within a given country compared to abroad has rec...

Full description

Bibliographic Details
Main Authors: Igor Ljubaj, Gorana Lukinić, Josip Funda
Format: Article
Language:English
Published: Institute of Public Finance 2007-12-01
Series:Financial Theory and Practice
Subjects:
Online Access:http://www.ijf.hr/eng/FTP/2007/4/funda.pdf