Brunel University Research Archive(BURA) preserves and enables easy and open access to all
types of digital content. It showcases Brunel's research outputs.
Research contained within BURA is open access, although some publications may be subject
to publisher imposed embargoes. All awarded PhD theses are also archived on BURA.
Please use this identifier to cite or link to this item:
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 |
Items in BURA are protected by copyright, with all rights reserved, unless otherwise indicated.