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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.
ISSN: 0305-9049
Appears in Collections:Economics and Finance
Dept of Economics and Finance Research Papers

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