Finances publiques

Trend and Volatility in the Terms of Trade: Consequences for Growth

Was verspricht die Globalisierung für Niedrigeinkommenländer? Ergebnisse aus der Wachstumstheorie und Evidenz

Warum die Schweiz keine Hochpreisinsel ist

Unit roots versus segmented trends in developing countries' output series

Primary commodity and manufactured goods prices in the long run: new evidence on the Prebisch-Singer hypothesis

Pricing in segmented markets, arbitrage barriers and the law of one price : Evidence from the European Car Market

Description: 

The paper uses micro-level price data from the European car market to examine why there are deviations from the law of one price. The absolute law of one price is strongly rejected, but there is convergence to its relative version. Two sets of explanations are considered: (i) price-setting in segmented markets, and (ii) arbitrage barriers. Overall, the determinants of arbitrage costs have more explanatory power. The single most important factor is the distance between markets. Evidence for Belgium and Luxembourg suggests that a single currency lowers price differences significantly.

Price Convergence under EMU? First Estimates

Macht die Globalisierung neue Inhalte der Entwicklungspolitik erforderlich?

Is there a link between increased openness and the terms of trade?

Internationale Preisvergleiche: Methodik und Anwendung auf nichthandelbare Güter

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