THE VALIDITY OF BALASSA SAMUELSON HYPOTHESIS: DYNAMIC PANEL DATA METHODS TOWARD OECD COUNTRIES


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Yazarlar

  • Ahmet AY Selcuk University, Faculty of Economics and Administrative Science, Konya/Turkey
  • Şevket Süreyya KODAZ Selcuk University, Institute of Social Sciences, Phd. Konya/Turkey
  • Mustafa KARTAL Selcuk University, Beyşehir Ali Akkanat Faculty of Business, Konya/Turkey

DOI:

https://doi.org/10.26450/jshsr.33

Anahtar Kelimeler:

Balassa Samuelson Hypothesis, Dynamic Panel Data Methods, Effectiveness, Price, Real Exchange Rate

Özet

Balassa Samuelson Hypothesis, developed by Bela Balassa (1964) and Paul Samuelson (1964), points out effectiveness (productivity) difference in the sectors that are subject of trade or not as the reason for variations in exchange rate. According to this hypothesis, currency unit of the countries, where the difference of interest is high, will appreciate compared to the currency units of the other countries. Thus, Balassa Samuelson Hypothesis reveals the relationship between effectiveness, price, and real exchange rate.
In this study, the validity of Balassa Samuelson Hypothesis was tested in the scope of OECD countries. With moving from the dataset belonging to the period of 1971-2013, the results of carried out by using dynamic panel data methods point of that the hypothesis of interest are valid in Czech Republic, Finland, Germany, Hungary, Island, Japan, South Korea, Spain, United Kingdom, and Switzerland in the long period

İndir

Yayınlanmış

2017-03-31

Nasıl Atıf Yapılır

AY, A., KODAZ, Şevket S., & KARTAL, M. (2017). THE VALIDITY OF BALASSA SAMUELSON HYPOTHESIS: DYNAMIC PANEL DATA METHODS TOWARD OECD COUNTRIES. International Journal of Social and Humanities Sciences Research (JSHSR), 4(8), 22–31. https://doi.org/10.26450/jshsr.33

Sayı

Cilt 4 Sayı 8 (2017): İnternational Journal of Social and Humanities Sciences Research (JSHSR)

Bölüm

Araştırma Makalesi

Lisans

Telif Hakkı (c) 2017 International JOURNAL OF SOCIAL HUMANITIES SCIENCES RESEARCH

Creative Commons License

Bu çalışma Creative Commons Attribution 4.0 International License ile lisanslanmıştır.