Cross-country relative price volatility : Effects of market structure
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › Not applicable › peer-review
Author(s)
Detail(s)
Original language | English |
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Pages (from-to) | 836-848 |
Journal / Publication | Review of International Economics |
Volume | 14 |
Issue number | 5 |
Publication status | Published - Nov 2006 |
Externally published | Yes |
Link(s)
Abstract
Using annual data on nine manufacturing sectors of 18 OECD countries, the article studies the implications of market structure for cross-country relative price variability. It is found that, in accordance with predictions from a standard markup pricing model, reductions in market competition, along with increased nominal exchange rate volatility, are associated with greater variability of cross-country relative prices. The market structure also has similar effects on components of cross-country relative price variability. The empirical findings are robust to the inclusion of various control variables and alternative sample specifications. © 2006 The Authors; Journal compilation © 2006 Blackwell Publishing Ltd.
Citation Format(s)
Cross-country relative price volatility : Effects of market structure. / Cheung, Yin-Wong; Fujii, Eiji.
In: Review of International Economics, Vol. 14, No. 5, 11.2006, p. 836-848.Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › Not applicable › peer-review