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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18820| Title: | Cross-country relative price volatility : effects of market structure |
| Keywords: | F31 F41 ddc:330 relative price volatility market structure price-cost margin variance decomposition Relativer Preis Volatilität Verarbeitendes Gewerbe Internationaler Preiszusammenhang Marktstruktur Internationaler Wettbewerb Schätzung OECD-Staaten |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | Using annual data on nine manufacturing sectors of eighteen 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18820 |
| Other Identifiers: | http://hdl.handle.net/10419/18820 ppn:485163152 |
| Appears in Collections: | EconStor |
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