57,617 research outputs found
Oral History Interview with Daniel Samuelson
No full textThe National Museum of the Pacific War presents an oral interview with Daniel Samuelson. Samuelson joined the Army Air Forces after spending one semester in the ROTC at LSU. He received basic training in Texas and aerial gunnery training in Arizona. Upon completion, he was assigned to the 95th Bombardment Group, stationed at RAF Horham. He flew 35 missions as a tail gunner, beginning on Christmas Eve 1944. Samuelson flew his last mission in April 1945
Oral History Interview with Daniel Samuelson
No full textThe National Museum of the Pacific War presents an oral interview with Daniel Samuelson. Samuelson joined the Army Air Forces after spending one semester in the ROTC at LSU. He received basic training in Texas and aerial gunnery training in Arizona. Upon completion, he was assigned to the 95th Bombardment Group, stationed at RAF Horham. He flew 35 missions as a tail gunner, beginning on Christmas Eve 1944. Samuelson flew his last mission in April 1945
A Test of the Balassa-Samuelson Effect Applied to Chinese Regional Data
No full textIn this paper, we investigate the relevance of the Balassa-Samuelson effect to the determination of regional inflation in China, for the period 1985 – 2000. To do this, we first construct annual measures of Chinese inflation and industry input on regional and sectoral basis. Then we generalise the Asea and Mendoza (1994) settings to consider asymmetric productivity shocks across sectors. Testing this model on Chinese Regional Data aid of non-stationary panel data techniques, it shows that our extended theoretical model is a good empirical representation of the Chinese data that supports the Balassa-Samuelson effect. Moreover, we are able to test the Asea and Mendoza (1994) version of our general model and find that the restrictions are rejected.Balassa-Samuelson effect, productivity shocks, panel data
Balassa-Samuelson Effect in Transition Economies: The Case of Slovenia
No full textPaper presents a first-hand examination of the Balassa-Samuelson effect in Slovenia. Different measures of real exchange rate are presented in order to provide arguments for the Balassa-Samuelson effect estimation using external real exchange rate measure. It is argued that on average one percent increase in productivity differential between labor productivities in industry and services appreciated external real exchange rate by almost 1.5 percent in the period from 1993:1 to 2001:2. At the same time, one percent increase in productivity differential caused about 1.7 percent increase in CPI. The results are in line with other studies on real exchange rate behavior in transition economies.transition economies, real exchange rate, Balassa-Samuelson effect
Comparative Statics, English Auctions, and the Stolper-Samuelson Theorem
No full textChanges in the parameters of an -dimensional system of equations induce changes in its solutions. For a class of such systems, we determine the qualitative change in solutions given certain qualitative changes in parameters. Our methods and results are elementary yet useful. They highlight the existence of a common thread, our ``own effect'' assumption, in formally diverse areas of economics. We discuss several applications; among them, we establish the existence of efficient equilibria in English auctions with interdependent valuations, and a version of the Stolper-Samuelson Theorem for an trade model.effficient auctions, international trade theory, implicit function theorem
A Test of the Balassa-Samuelson Effect Applied to Chinese Regional Data
No full textIn this paper we investigate the relevance of the Balassa-Samuelson effect to the determination of regional inflation in China, for the period 1985 – 2000. To do this, we first construct annual measures of Chinese inflation and industry input on regional and sectoral basis. Then we generalize the Asea and Mendoza (1994) settings to consider asymmetric productivity shocks across sectors. Testing this model on Chinese Regional Data aid of non-stationary panel data techniques, it shows that our extended theoretical model is a good empirical representation of the Chinese data which supports the Balassa- Samuelson effect. Moreover, we are able to test the Asea and Mendoza (1994) version of our general model and find that the restrictions are rejected.
Dr. Samuelson
No full textDr. Samuelson and woman posing by a cake at the surpise Samuelson Union naming.https://digitalcommons.cwu.edu/john_foster_photos/1092/thumbnail.jp
Balassa-Samuelson Effect Approaching Fifty Years: Is it Retiring Early in Australia?
No full textThis paper tests empirically the Balassa-Samuelson (BS) hypothesis using annual data for Australia. We applied the ARDL cointegration technique developed by Pesaran et al. (2001) and found evidence of a significant long-run relationship between real exchange rate and Australia-US productivity differential during the period of 1950-2003. We found that a one per cent increase in labour productivity in Australia relative to the US will lead to 5.6 per cent appreciation in the real exchange rate of Australia. We suspect that the elasticity coefficient is “over-estimated” due to the exclusion of relevant explanatory variables. The dynamics and the determinants of the real exchange rate movements are numerous; they include terms of trade, interest rate differentials, net foreign liabilities among others along with labour productivity differential.Real Exchange Rate, Balassa-Samuelson hypothesis, Unit-root, Structural break and ARDL.
Samuelson (Paul A.), Bishop (Robert L.), Coleman (John R.) ed. - Readings in economics.
No full textSamuelson (Paul A.), Bishop (Robert L.), Coleman (John R.) ed. - Readings in economics.. In: Revue économique, volume 7, n°1, 1956. p. 168
Beyond the Salassa-Samuelson Effect in some New Member States of the European Union
No full textThis paper analyses the Balassa and Samuelson hypothesis in two groups of European countries: six New Member States (NMS) and six advanced EU-15 economies. It is found that the second stage of the hypothesis, which relates relative sector prices with the real exchange rate, does not hold anywhere. In the NMS the main reasons are increased demand for domestic tradables stemming from positive differentials in economic growth, probably coupled with quality improvements in domestic tradable goods. In the EU-15, the explanatory factor is segmentation between national markets of tradables, caused by transportation costs, non-tariff barriers and imperfect competition between firms.Balassa-Samuelson effect, panel cointegration, economic transition, market segmentation, quality bias
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