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Diferenciales de inflación en las regiones españolas bajo la hipótesis de Balassa-Samuelson

Author

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  • Antonio José Olivera

Abstract

RESUMEN Utilizando como modelo teórico la conocida hipótesis de Balassa-Samuelson (BS), en este trabajo se pretende explicar la evolución de los diferenciales de precios entre las regiones españolas tratando de extraer lecciones para el futuro funcionamiento de la UME. Para ello se utiliza una muestra que abarca el periodo muestral 1955-1999 y las 17 Comunidades Autónomas españolas. Asimismo, se emplean técnicas econométricas que permiten aprovechar al máximo la información disponible. Como principal resultado se obtiene que si bien es posible que la hipótesis de BS sea un factor explicativo relevante en la evolución de los diferenciales de precios en uniones monetarias, no se puede descartar la influencia de otros factores. Por ello se hace necesario seguir profundizando en su estudio. ABSTRACT By using the well-known Balassa-Samuelson (BS) hypothesis, in this paper we aim to draw some lessons on the future of the European Monetary Union (EMU). To this end the evolution of price differentials among Spanish regions are studied using a sample spanning from 1955 to 1999 for the 17 Spanish Comunidades Autónomas. The results show that the BS hypothesis is a relevant variable in explaining the evolution of price differentials in monetary unions, although we cannot disregard the influence of another set of variables. Consequently, future work must be devoted to analyse this subject.

Suggested Citation

  • Antonio José Olivera, 2003. "Diferenciales de inflación en las regiones españolas bajo la hipótesis de Balassa-Samuelson," Revista de Estudios Regionales, Universidades Públicas de Andalucía, vol. 3, pages 55-85.
    • Handle: RePEc:rer:articu:v:03:y:2003:p:55-85
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    More about this item

    Keywords

    Unión Monetaria Europea; Diferenciales de inflación; Hipótesis de Balassa-Samuelson; Regiones españolas;
    All these keywords.

    JEL classification:

    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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