Balassa-Samuelson effect

English

Etymology

Named after Béla Balassa and Paul Samuelson.

Noun

Balassa-Samuelson effect (plural Balassa-Samuelson effects)

1. (economics) The tendency for consumer prices to be systematically higher in more developed countries than in less developed countries.

See also

• Penn effect

Further reading

• Balassa-Samuelson effect on Wikipedia.Wikipedia