BALASSA-SAMUELSON EFFECT
Countries with higher wage and higher real exchange rates have high productivity growth. The effect postulates the rise in wages in the tradable foods sectors of an emerging economy also leads to higher wages in nontradable sector of that economy. Increase in inflation results to higher inflation rates in faster growing nations unlike in growing developed countries. Economists Bela Balassa and Paul Samuelson proposed this in 1963.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Tertiary Industry Index | Apr | |
| 08:00 | Wholesale Price Index | May | |
| 08:30 | Producer & Import Prices | May | |
| 09:00 | SECO Consumer Confidence | May | |
| 10:00 | Trade Balance | Apr | |
| 11:00 | Current Account (sa) | Apr | |
| 11:00 | Industrial Production | Apr | |
| 14:15 | Housing Starts | May | |
| 14:30 | NY Fed Empire State manufacturing index | Jun |
