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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w13239 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w13239 |
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/570908 |
推荐引用方式 GB/T 7714 | Robert E. Lipsey,Birgitta Swedenborg. Explaining Product Price Differences Across Countries. 2007. |
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 | ||
w13239.pdf(175KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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