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relative prices. The first is a "real barriers effect," caused by various barriers to market integration. The second is a …
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We study good-by-good deviations from the Law-of-One-Price (LOP) for over 1,800 retail goods and services between all European Union (EU) countries for the years 1975, 1980, 1985, and 1990. We find that for each of these years, after we control for differences in income and value-added tax (VAT)...
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) to study the impact of the introduction of the euro on goods market integration. Employing both aggregated and …
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Mexico), Europe (Germany, Italy, Spain and Portugal), Asia (Japan and South Korea), and Oceania (Australia and New Zealand …) with corresponding data from emerging market economies in South America (Argentina, Bolivia, Brazil, Columbia) and Asia …-country relative price dispersion in emerging market economies. These effects are found to be quite persistent since relative price …
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