| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP486 |
| DP486 Pricing and Product Market Structure in Open Economies: An Empirical Test | |
| George Alogoskoufis; Christopher Martin; Nikitas Pittis | |
| 发表日期 | 1990-12-01 |
| 出版年 | 1990 |
| 语种 | 英语 |
| 摘要 | This paper investigates whether the structure of product markets in the industrial economies conforms to the assumptions of the two main benchmark models of international macroeconomics, namely the one-sector imperfect-substitutes model, and the two-sector model with non-traded goods. Our proposed test rests on the estimation of price equations and also allows the estimation of the degree of price sluggishness. Our findings, for 20 OECD economies, suggest that the one sector model is rejected in favour of a generalized model with two types of internationally traded goods. They also suggest significant sluggishness in the adjustment of prices. |
| 主题 | International Macroeconomics |
| 关键词 | Error-correction models Price setting Traded and non-traded goods |
| URL | https://cepr.org/publications/dp486 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529641 |
| 推荐引用方式 GB/T 7714 | George Alogoskoufis,Christopher Martin,Nikitas Pittis. DP486 Pricing and Product Market Structure in Open Economies: An Empirical Test. 1990. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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