The Balassa-Samuelson hypothesis in the developed and developing countries revisited
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- 作者：Weiguo Wang wwguodufe@163.com" class="auth_mail" title="E-mail the corresponding author ; Jing Xue ; xuejingdufe@163.com" class="auth_mail" title="E-mail the corresponding author ; Chonghua Du duchonghua@gmail.com" class="auth_mail" title="E-mail the corresponding author
- 关键词：C2 ; C5 ; E4
- 刊名：Economics Letters
- 出版年：2016
- 出版时间：September 2016
- 年：2016
- 卷：146
- 期：Complete
- 页码：33-38
- 全文大小：429 K
文摘
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A new cointegration test for panel data with multiple heterogeneous unknown breaks is proposed.
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This test also captures the cross sectional dependence by incorporating non-stationary factors.
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Applying new test to the Balassa–Samuelson (BS) hypothesis shows the BS hypothesis holds only for developed economies.