منابع مشابه
International Trade in Durable Goods in Sticky Price Models
Engel and Wang (2008) argue that trade in durable goods is important for international real-businesscycle models to replicate the behavior of real imports and exports. We extend such a model with Calvostyle price stickiness. We find that the model with producer currency pricing (PCP) for investment goods and local currency pricing (LCP) for durable consumption performs better than the model wit...
متن کاملInternational trade and determinants of price differentials of insulin medicine.
Empirical studies on pharmaceutical pricing across countries have found evidence that prices vary according to per capita income. These studies are typically based on survey data from a subset of countries and cover only one year. In this paper, we study the international trade and price of insulin by using detailed trade data for 186 importing countries from 1995 to 2013. With almost 12,000 ob...
متن کاملPrice, Quality, and International Trade: Theory and Evidence
This paper explores the role of product quality in explaining observed price, production cost and trade patterns. Schott (2004) shows that for narrowly defined product the average unit value of goods imported by the US is increasing in the revenue, skill abundance, and capital intensity of the exporting country. These patterns are difficult to reconcile with a theory in which productivity’s uni...
متن کاملLocal Quantile House Price Indices
Locally weighted quantile regressions allow the coefficients of hedonic house price functions to vary over space. Using data on all house sales in Cook County, Illinois, for 20002011, I show how the full distribution of appreciation rates changed over time in small geographic areas. The estimates reveal significant spatial variation in appreciation rates both geographically and across the distr...
متن کاملHow weak are the signals? International price indices and multinational enterprises
Received: 23 January 2001 Revised: 12 October 2003 Accepted: 14 October 2003 Online publication date: 8 January 2004 Abstract International price indices (IPIs) provide the most timely and comprehensive market information available to international business. How do multinational enterprises (MNEs) affect the validity of IPIs? We review the earlier debate over methods for calculating IPIs, which...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1994535