Purchasing Power Parity and Productivity-Bias Hypothesis
This paper examines the purchasing power parity (PPP) theorem adjusted the “productivity-bias hypothesis” or the Balassa-Samuelson effect (Balassa, 1964; Samuelson, 1964) for eight East Asian countries including Japan, New Industrializing Economies (NIE-3: Singapore; Hong Kong, China; and Korea), th...
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| Format: | Article |
| Language: | English |
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Sciendo
2015-12-01
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| Series: | Review of Economic and Business Studies |
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| Online Access: | https://doi.org/10.1515/rebs-2016-0001 |