City Relative Price Dynamics in Australia: Are Structural Breaks Important?*
نویسندگان
چکیده
منابع مشابه
City Relative Price Dynamics in Australia: Are Structural Breaks Important?
This paper examines the dynamic behavior of relative prices across seven Australian cities by applying panel unit root test procedures with structural breaks to quarterly CPI data for 1972Q1-2011Q4. We find overwhelming evidence of convergence in city relative prices. Three common structural breaks are endogenously determined at 1985, 1995, and 2007. Further, correcting for two potential biases...
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ژورنال
عنوان ژورنال: Economic Record
سال: 2013
ISSN: 0013-0249
DOI: 10.1111/1475-4932.12077