G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w2536
来源IDWorking Paper 2536
National Price Levels and the Prices of Tradables and Nontradables
Irving B. Kravis; Robert E. Lipsey
发表日期1988-03-01
出版年1988
语种英语
摘要This paper examines changes in national price levels and prices of tradables and nontradables and relates them to changes in variables found earlier to be associated with price level differences among countries. Across countries, national price levels increase systematically with the level of a country's per capita income, and the ratios of tradables to nontradables prices decrease. Over time, increases in per capita income are generally associated with increases in price levels in the industrial countries, although the opposite relationship tended to prevail among developing countries. Increases in income are associated with declines in the ratio of tradables to nontradables price levels more consistently than with the increases in general price levels. Increases in the exchange value of a currency are also associated with declines in the price levels for tradablesrelative to nontradables. Countries with price levels that were high or low relative to those predicted by the structural equations tended to move toward those predicted levels.
主题International Economics ; Econometrics
URLhttps://www.nber.org/papers/w2536
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/559792
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GB/T 7714
Irving B. Kravis,Robert E. Lipsey. National Price Levels and the Prices of Tradables and Nontradables. 1988.
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