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dc.contributor.authorFrensch, Richarden_US
dc.contributor.authorSchmillen, Achimen_US
dc.date.accessioned2011-05-17en_US
dc.date.accessioned2012-05-09T10:02:50Z-
dc.date.available2012-05-09T10:02:50Z-
dc.date.issued2011en_US
dc.identifier.isbn978-3-938980-45-3en_US
dc.identifier.urihttp://hdl.handle.net/10419/57810-
dc.description.abstractRecent panel studies have found relatively high point estimates for the elasticity of ag-gregate price measures with respect to productivity in (former) transition economies, while other studies report price-productivity elasticity estimates to depend positively on average productivity in the sample. We aim to reconcile both results by putting com-parative price developments of transition economies in an international perspective. We argue that estimating simple price-productivity relationships without the inclusion of other real factors connected to reform effort might severely bias estimates for CEEC economies. Our results imply that, when controlling for reform effort and therefore avoiding this endogeneity problem, the price-productivity-elasticity for CEEC econo-mies was not different from that of non-transition economies during the first 15 years of transition.en_US
dc.language.isoengen_US
dc.publisherOsteuropa-Inst. Regensburgen_US
dc.relation.ispartofseriesArbeiten aus dem Osteuropa-Institut Regensburg, Arbeitsbereich Wirtschaft, Migration und Integration 295en_US
dc.subject.jelF40en_US
dc.subject.jelF43en_US
dc.subject.ddc330en_US
dc.subject.keywordBalassa-Samuelsonen_US
dc.subject.keywordtransitionen_US
dc.subject.stwPreisniveauen_US
dc.subject.stwProduktivitäten_US
dc.subject.stwKaufkraftparitäten_US
dc.subject.stwBalassa-Samuelson Effekten_US
dc.subject.stwSchätzungen_US
dc.subject.stwÜbergangswirtschaften_US
dc.subject.stwEU-Staaten (Osteuropa)en_US
dc.titleThe Penn Effect and transition: The new EU member states in international perspectiveen_US
dc.typeWorking Paperen_US
dc.identifier.ppn659004100en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Papers, Osteuropa-Institut Regensburg / München (OEI)

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