Uncategorized Bela Balassa, Batman. 01/24/2007 claudio For Russia, Égert (2005) estimates the contribution of the Balassa Samuelson effect to average CPI inflation at 1.1% for 1996-2001. Productivity gains by sector and relative price developments in Russia are reported in Figure 14 (on an annual basis). As expected, productivity gains are much higher in industry, agriculture and construction than in services, and prices increased more rapidly in the non-tradable sector than in the tradable ones. The inflation differential, however, appears to be limited, which would suggest a modest Balassa-Samuelson effect on overall inflation and would tend to confirm the order of magnitude found by Égert.” Claudio Share this:WhatsAppTweet Relacionado Publicado por claudio Ver todos os posts por claudio Share this:WhatsAppTweet
