REÁLNA KONVERGENCIA V STREDOEURÓPSKYCH KRAJINÁCH Z POHĽADU BALASSA-SAMUELSONOVHO MODELU

• Authors: Ivan Okáli

Title variants

EN

Real convergence in Central European countries from the perspective of the Balassa-Samuelson model

• Languages of publication: SK

Abstracts

EN

Assumptions and relations of the Balassa-Samuelson model permit under-stand the development of real convergence in Central European countries. Quantification of the Balassa-Samuelson effect (BSE) found its intensive formation in the years 1996 – 2008 and the cessation of it in the crisis period 2009 – 2013. It was confirmed the BSE size depends on productivity increasing in the segment of economy producing negotiable goods. The economic crisis weakened market mechanism, which in times of economic prosperity give rise to BSE. Therefore are seeking both industrial policy capable of supporting the creation of BSE and parts of economy suitable for its use. While continuing to promote foreign investment it is advised to encourage innovative activity and employment widening in the domestic business sector, especially in its SMEs.

Keywords

EN

WAGE; PRICE; CROSS-COUNTRY OUTPUT; INDUSTRIAL POLICY; BALASSA-SAMUELSON MODEL; CENTRAL EUROPE

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2016
• Volume: 64
• Issue: 5
• Pages: 423 – 439

Contributors

author

Ivan Okáli

• Ekonomický ústav SAV, Šancová 56, 811 05 Bratislava 1, Slovak Republic