Drawing a scatter diagram between differences in service prices and productivity among Japanese regions reveals a positive correlation. Additionally, all students of international economics know of ...

We incorporate different sectoral job separation rates into a two-sector small open economy model to investigate the Balassa-Samuelson (B-S) effect. While labour is mobile, unemployment occurs due to ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nearly half a century has passed since academics Bela Balassa and Paul Samuelson discovered, in effect, why ...