Reconsidering The Price-Income Relationship Across Countries

Reconsidering The Relationship between Inflation and Relative Price Variability∗

The relationship between inflation and relative price variability (RPV) is widely believed to be positive and stable. Using disaggregated CPI data for the U.S. and Japan, however, this study finds that the relationship is neither linear nor stable over time. The overall relationship is approximately U-shaped and symmetric around a certain threshold: a positive correlation on one side but a trad...

Inequality in CO2 emissions across countries and its relationship with income inequality: a distributive

Import Price - Elasticities : Reconsidering the Evidence

Recent economic geography and trade empirical studies based on monopolistic competition [Hanson, 1998; Head and Ries, 1999; Hummels, 1999], suggest high levels of trade price elasticities (between 3 and 11). However, direct estimations of price-elasticities in trade equations, using price indexes at aggregate or industry levels, usually lead to much lower values (around unity). In this paper, w...

A New Approach for Analysing Income Convergence across Countries

In this paper we develop a coherent framework that integrates both traditional measures of -convergence and -convergence within a study of cross-country income dynamics. To do this we exploit the close links that exist between studies of income mobility and studies analysing the progressivity of the tax system. We also develop a welfare interpretation for the concept of -convergence, which d...

Internationalization of SMEs and Their Income-Price Effects on Export Market: a Case of the Selected Asian Countries

 International trade causes that markets to become more competitive and small-medium sized enterprises (SMEs) learn to compete effectively within this increasingly competitive global market place. SMEs are able to take advantage of increased opportunities in domestic markets that follow from international trade. It is indeed a way for internationalization of SMEs. This paper analyzes income and...