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Balassa-Samuelson effect. In DICTIOUS you will not only get to know all the dictionary meanings for the word
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English
Etymology
Named after Béla Balassa and Paul Samuelson.
Noun
Balassa-Samuelson effect (plural Balassa-Samuelson effects)
- (economics) The tendency for consumer prices to be systematically higher in more developed countries than in less developed countries.
See also
Further reading