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http://bura.brunel.ac.uk/handle/2438/7105
Title: | The relative price of non-traded goods under imperfect competition |
Authors: | Coto-Martinez, J Reboredo, JC |
Keywords: | Balassa-Samuelson hypothesis;Real exchange rates;Relative prices;Imperfect competition |
Issue Date: | 2012 |
Publisher: | Brunel University |
Citation: | Economics and Finance Working Paper, Brunel University, 12-23, Oct 2012 |
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. |
URI: | http://bura.brunel.ac.uk/handle/2438/7105 |
Appears in Collections: | Economics and Finance Publications Dept of Economics and Finance Research Papers |
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