Testing of Balassa-Samuelson model functionality: Empirical research in case of Serbia and European Monetary Union
This paper shows the results of empirical testing of Balassa-Samuelson model functionality in case of Serbia and European Monetary Union. The research for Serbia pertains to the period between 2004 and 2010, while in the case of EMU, due to unavailability of data about employment per sector, the per...
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| Format: | Article |
| Language: | English |
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Economics institute, Belgrade
2012-12-01
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| Series: | Industrija |
| Subjects: | |
| Online Access: | http://scindeks.ceon.rs/article.aspx?artid=0350-03731204003P |
| _version_ | 1818310398277844992 |
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| author | Petrović Predrag |
| author_facet | Petrović Predrag |
| author_sort | Petrović Predrag |
| collection | DOAJ |
| description | This paper shows the results of empirical testing of Balassa-Samuelson model functionality in case of Serbia and European Monetary Union. The research for Serbia pertains to the period between 2004 and 2010, while in the case of EMU, due to unavailability of data about employment per sector, the period is somewhat shorter, covering 2005 to 2010. Applying both methods of cointegration analysis (Johansen and Engle-Granger's one), we have reached the results which show that internal transmission mechanism does not function in Serbia. |
| first_indexed | 2024-12-13T07:45:26Z |
| format | Article |
| id | doaj.art-aec18623141f4fd59e44c95874215d45 |
| institution | Directory Open Access Journal |
| issn | 0350-0373 |
| language | English |
| last_indexed | 2024-12-13T07:45:26Z |
| publishDate | 2012-12-01 |
| publisher | Economics institute, Belgrade |
| record_format | Article |
| series | Industrija |
| spelling | doaj.art-aec18623141f4fd59e44c95874215d452022-12-21T23:54:50ZengEconomics institute, BelgradeIndustrija0350-03732012-12-01404324Testing of Balassa-Samuelson model functionality: Empirical research in case of Serbia and European Monetary UnionPetrović PredragThis paper shows the results of empirical testing of Balassa-Samuelson model functionality in case of Serbia and European Monetary Union. The research for Serbia pertains to the period between 2004 and 2010, while in the case of EMU, due to unavailability of data about employment per sector, the period is somewhat shorter, covering 2005 to 2010. Applying both methods of cointegration analysis (Johansen and Engle-Granger's one), we have reached the results which show that internal transmission mechanism does not function in Serbia.http://scindeks.ceon.rs/article.aspx?artid=0350-03731204003PBalassa-Samuelson modelinternal transmission mechanismopen sectorrelative prices of non-tradable goodsopen sector relative productivity |
| spellingShingle | Petrović Predrag Testing of Balassa-Samuelson model functionality: Empirical research in case of Serbia and European Monetary Union Industrija Balassa-Samuelson model internal transmission mechanism open sector relative prices of non-tradable goods open sector relative productivity |
| title | Testing of Balassa-Samuelson model functionality: Empirical research in case of Serbia and European Monetary Union |
| title_full | Testing of Balassa-Samuelson model functionality: Empirical research in case of Serbia and European Monetary Union |
| title_fullStr | Testing of Balassa-Samuelson model functionality: Empirical research in case of Serbia and European Monetary Union |
| title_full_unstemmed | Testing of Balassa-Samuelson model functionality: Empirical research in case of Serbia and European Monetary Union |
| title_short | Testing of Balassa-Samuelson model functionality: Empirical research in case of Serbia and European Monetary Union |
| title_sort | testing of balassa samuelson model functionality empirical research in case of serbia and european monetary union |
| topic | Balassa-Samuelson model internal transmission mechanism open sector relative prices of non-tradable goods open sector relative productivity |
| url | http://scindeks.ceon.rs/article.aspx?artid=0350-03731204003P |
| work_keys_str_mv | AT petrovicpredrag testingofbalassasamuelsonmodelfunctionalityempiricalresearchincaseofserbiaandeuropeanmonetaryunion |