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。

youdao

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

In the long run, real exchange rates are mainly determined by the supply-side of an economy (changes in the productivity), which is embodied in the model of Balassa-Samuelson effect.

长期实际汇率主要取决于经济的供给面，即生产率的变化，这一思想体现在巴拉萨—萨缪尔森效应的模型中。

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