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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP2940 |
DP2940 Consumption Dynamics and Real Exchange Rate | |
Morten Ravn | |
发表日期 | 2001-09-09 |
出版年 | 2001 |
语种 | 英语 |
摘要 | This Paper exploits the unique experiment of European market integration to investigate the relationship between integration and price convergence in international markets. Using a panel data set of car prices we examine how the process of integration has affected cross-country price dispersion in Europe. We find surprisingly strong evidence of convergence towards both the absolute and the relative versions of Purchasing Power Parity. Our analysis illuminates the main sources of segmentation in international markets and suggests the type of institutional changes that can successfully reduce it. |
主题 | Industrial Organization ; International Trade and Regional Economics |
关键词 | Law of one price market integration Price convergence |
URL | https://cepr.org/publications/dp2940 |
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/531982 |
推荐引用方式 GB/T 7714 | Morten Ravn. DP2940 Consumption Dynamics and Real Exchange Rate. 2001. |
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