G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w5654
来源IDWorking Paper 5654
Convergence to the Law of One Price Without Trade Barriers or Currency Fluctuations
David C. Parsley; Shang-Jin Wei
发表日期1996-07-01
出版年1996
语种英语
摘要Using a panel of 51 prices from 48 cities in the United States we provide an upper bound estimate of the rate of convergence to Purchasing Power Parity. We find convergence rates substantially higher than typically found in cross-country data. We investigate some potentially serious biases induced by i.i.d. measurement errors in the data, and find our estimates to be robust to these potential biases. We also present evidence that convergence occurs faster for larger price differences. Finally, we find that rates of convergence are slower for cities farther apart. However, our estimates suggest that distance alone can only account for a small portion of the much slower convergence rates across national borders.
URLhttps://www.nber.org/papers/w5654
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/563134
推荐引用方式
GB/T 7714
David C. Parsley,Shang-Jin Wei. Convergence to the Law of One Price Without Trade Barriers or Currency Fluctuations. 1996.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
w5654.pdf(1725KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[David C. Parsley]的文章
[Shang-Jin Wei]的文章
百度学术
百度学术中相似的文章
[David C. Parsley]的文章
[Shang-Jin Wei]的文章
必应学术
必应学术中相似的文章
[David C. Parsley]的文章
[Shang-Jin Wei]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w5654.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。