Please use this identifier to cite or link to this item:
http://bura.brunel.ac.uk/handle/2438/9061
Title: | The relative price of non-traded goods under imperfect competition |
Authors: | Coto-Martinez, J Reboredo, JC |
Keywords: | F31;F36;C23 |
Issue Date: | 2014 |
Publisher: | Wiley-Blackwell |
Citation: | Oxford Bulletin of Economics and Statistics, 76(1), 24 - 40, 2014 |
Abstract: | We consider the role of imperfect competition in explaining the relative price of non-traded to traded goods within the Balassa–Samuelson framework. Under imperfect competition in these two sectors, relative prices depend on both productivity and mark-up differentials. We test this hypothesis using a panel of sectors for 12 OECD countries. The empirical evidence suggests that relative price movements are well explained by productivity and mark-up differentials. |
Description: | This article is available open access through the publisher’s website. Copyright @ 2012 The Department of Economics, University of Oxford. |
URI: | http://onlinelibrary.wiley.com/doi/10.1111/obes.12009/abstract http://bura.brunel.ac.uk/handle/2438/9061 |
DOI: | http://dx.doi.org/10.1111/obes.12009 |
ISSN: | 0305-9049 |
Appears in Collections: | Economics and Finance Dept of Economics and Finance Research Papers |
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