This is the basis of the so-called “Balassa-Samuelson effect”.

这是所谓“巴拉萨-萨缪尔森效应”的基础。

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This is because of the Balassa-Samuelson effect, named for the two economists who first explained it.

这是因为巴拉萨·塞缪尔森效应，命名为该两位经济学家谁先解释它。

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The optimal inflation rate in an emerging economy is often higher than in the developed world because of something called the "Balassa-Samuelson effect".

因为所谓的巴拉萨——萨缪尔森效应新兴国家的最佳通胀率往往要比发达国家的高。

youdao

This is because of the Balassa-Samuelson effect, named for the two economists who first explained it.

ECONOMIST: China��s economy could overtake America��s within a decade

This reflects the so-called Balassa-Samuelson effect: the prices of services in Japan have risen relative to those of goods.

ECONOMIST: Wading in the yen trap

This is the basis of the Balassa-Samuelson theory which holds that average prices will be higher in countries with higher productivity (ie, high GDP per head), because higher wages will push up prices in labour-intensive goods and services.

ECONOMIST: Economics focus: Burger-thy-neighbour policies | The