G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w13239
来源IDWorking Paper 13239
Explaining Product Price Differences Across Countries
Robert E. Lipsey; Birgitta Swedenborg
发表日期2007-07-08
出版年2007
语种英语
摘要A substantial part of international differences in prices of individual products, both goods and services, can be explained by differences in per capita income, wage compression, or low wage dispersion among low-wage workers, and short-term exchange rate fluctuations. Higher per capita income is associated with higher prices and higher wage dispersion with lower prices. The effects of higher income and wage dispersion are moderated for the more tradable products. The effects of wage dispersion, on the other hand, are magnified for the more labor-intensive products, particularly low-skill services. The differences in prices across countries are reflected in differences in the composition of consumption. Countries in which prices of labor-intensive services are very high, such as the Nordic countries, consume much less of them. For some services, the shares of GDP consumed in high-price countries are less than 20 percent of the shares in low-price countries. Since these are services of very low tradability, the low consumption levels of these services imply low employment in them.
主题Macroeconomics ; Business Cycles ; International Economics ; Trade ; Labor Economics ; Labor Compensation
URLhttps://www.nber.org/papers/w13239
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/570908
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GB/T 7714
Robert E. Lipsey,Birgitta Swedenborg. Explaining Product Price Differences Across Countries. 2007.
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