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本文旨在研究发展中经济体在结构转型中如何削弱巴拉萨-萨缪尔森效应的作用。本研究表明,结构转型抑制了工资水平和不可贸易品价格随可贸易品部门生产率提高而上涨的幅度,从而削弱了巴拉萨-萨缪尔森效应。我们用184个经济体1974～2004年的年度面板数据对此进行了检验。研究发现,农村人口比重越大,实际汇率随相对人均收入提高的幅度越小;经济发展水平越低,农村人口比重对巴拉萨-萨缪尔森效应的削弱程度越强。我们的稳健性检验(包括对农村人口比重做内生化处理)进一步证实了这些结论。
The purpose of this paper is to study the role of developing economies in undermining the Balassa-Samuelson effect in the structural transformation. This study shows that the structural transformation has weakened the Balassa-Samuelson effect by curbing the increase in wage levels and the price of non-tradable goods as the productivity of the tradables sector increases. We test this using annual panel data for 184 economies from 1974 to 2004. The study found that the greater the proportion of rural population, the smaller the real exchange rate increases with the relative per capita income; the lower the level of economic development, the stronger the proportion of rural population to the Balassa-Samuelson effect. Our robustness tests, which include endogenous bioprocessing of the rural population, further confirm these conclusions.