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Do gasoline prices converge in a unified Europe with non- harmonized tax rates?

Dreher, Axel; Krieger, Tim - EconWPA - 2004

The paper presents univariate and panel unit root tests for gasoline and oil price convergence over the last decade. We test for the absolute versus relative version of the LOOP and estimate the speed of convergence as well as its development over time. Our results show that the absolute version...

Persistent link: https://www.econbiz.de/10005125494

Inter-Regional Price Convergence and Market Integration in Russia

Gluschenko, Konstantin - EconWPA - 2005

The paper analyzes a spatial pattern of goods market integration in Russia. By the spatial pattern is meant a state of each individual region of the country: whether it is integrated, and if not, whether it moves towards integration. Time series of the cost of the basket of 25 basic foods across...

Persistent link: https://www.econbiz.de/10005407856

The Choice of Time Interval in Seasonal Adjustment: A Heuristic Approach

bruno, Giancarlo; Otranto, Edoardo - EconWPA - 2004

criterion based on a distance measure between filters, evaluating its performance with Monte Carlo experiments. …

Persistent link: https://www.econbiz.de/10005119084

Explaining MERCOSUR sectoral exports to the EU: The role of economic and geographical distance

Martínez-Zarzoso, Inmaculada; Felicitas Nowak-Lehmann D. - EconWPA - 2003

economic distance. We argue that products which are highly sensitive to economic distance (proxied with absolute differences in … per capita income) and barely sensitive to geographical distance are the best candidates for future trade between the … different sensitivity to distance and highlight the importance of using disaggregated data when analysing international trade …

Persistent link: https://www.econbiz.de/10005119322

REGIONAL ECONOMIC INTEGRATION: THE CANADA-U.S. EXPERIENCE

GLOBERMAN, STEVEN - EconWPA - 2004

This paper assesses the nature and degree of bilateral economic integration preceding and following the implementation of the Canada- U.S. Free Trade Agreement (CUSTA). Various price-based and quantity- based indicators of economic integration are assessed. Results vary depending upon the...

Persistent link: https://www.econbiz.de/10005556663

REGIONAL ECONOMIC INTEGRATION: THE CANADA-U.S. EXPERIENCE

Globerman, Steven - EconWPA - 2004

Persistent link: https://www.econbiz.de/10005119272

International Price Dispersion in State-Dependent Pricing Models

Midrigan, Virgiliu - EconWPA - 2005

Studies of disaggregated international price data document a robust, positive relationship between nominal exchange (NER) volatility and the variability of international relative prices. This relationship is interpreted as evidence that sticky prices rather than trade frictions are the source of...

Persistent link: https://www.econbiz.de/10005556613

The Law of One Price in Data Envelopment Analysis: Restricting Weight Flexibility Across Firms

Kuosmanen, Timo; Cherchye, Laurens; Sipiläinen, Timo - EconWPA - 2003

The Law of One Price (LoOP) states that all firms face the same prices for their inputs and outputs in the competitive market equilibrium. This law has powerful implications for productive efficiency analysis, which have remained unexploited thus far. This paper shows how LoOP-based weight...

Persistent link: https://www.econbiz.de/10005413250

Firm and Industry Level Profit Efficiency Analysis Under Incomplete Price Data: A Nonparametric Approach based on Absolute and Uniform Shadow Prices

Kuosmanen, Timo; Kortelainen, Mika; Sipiläinen, Timo; … - EconWPA - 2005

We discuss the nonparametric approach to profit efficiency analysis at the firm and industry levels in the absence of complete price information, and propose two new insights. First, choosing one commodity (whose price is known) as a numeraire good enables us to measure profit inefficiency in...

Persistent link: https://www.econbiz.de/10005413294

Seeking the Single European Electricity Market: Evidence from an Empirical Analysis of Wholesale Market Prices

Bower, John - EconWPA - 2004

The objectives of this paper are to assess the progress made towards a single European wholesale electricity market by the end of 2001, and identify remaining sources of economic inefficiency. Statistical analysis of day-ahead prices, in fifteen European locations, show Nord Pool (Scandinavia),...

Persistent link: https://www.econbiz.de/10005118898