Skoči na glavni sadržaj


The Harrod-Balassa-Samuelson Effect: A Survey of Empirical Evidence

Josip Tica orcid id ; Ekonomski fakultet u Zagrebu
Ivo Družić ; Ekonomski fakultet u Zagrebu

Puni tekst: engleski pdf 1.082 Kb

str. 1-38

preuzimanja: 750



The paper surveys empirical evidence on the Harrod-Balassa-Samuelson effect. The survey encompasses the published empirical work on the phenomenon since its (re)discovery in 1964. In total, 58 empirical papers are examined within a specialized analytical framework. The body of empirical evidence is synthesized through four major elements. The analysis starts with the ongoing controversy related to the name of the theory. This is followed by a presentation of the evolution of the theoretical and econometric model. It ends with an analysis of the results of the surveyed empirical studies. Results of the survey indicate that growing body of evidence definitely points towards professional rethinking about the significance of the Harrod-Balassa-Samuelson effect.

Ključne riječi

Harrod-Balassa-Samuelson effect; real exchange rate; purchasing power parity; productivity

Hrčak ID:



Datum izdavanja:


Posjeta: 1.541 *