Price-level convergence: New evidence from US cities

被引：26

作者：

Yazgan, M. Ege ^{[2
]}

Yilmazkuday, Hakan ^{[1
]}

机构：

[1] Temple Univ, Dept Econ, Philadelphia, PA 19122 USA

[2] Istanbul Bilgi Univ, Istanbul, Turkey

来源：

ECONOMICS LETTERS | 2011年 / 110卷 / 02期

基金：

美国国家科学基金会;

关键词：

Convergence; Micro-level prices; PPP puzzle; LAW;

D O I：

10.1016/j.econlet.2010.10.013

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper tests the bilateral price-level convergence among 52 U.S. cities at the good level by using a new econometric approach. The estimated median half lives are far below the half lives found in the corresponding studies for the U.S. (C) 2010 Elsevier B.V. All rights reserved.

引用

收藏

页码：76 / 78

页数：3

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