Relative Prices, Capital Movements, and Sectoral Technical Change: Theory and an Empirical Test

John Chipman

Chapter 13 in Structural Adjustment in Developed Open Economies, 1985, pp 395-465 from Palgrave Macmillan

Abstract: Abstract This paper constitutes an initial attempt to sort out and assess, within a neo-classical general-equilibrium framework, the relative and absolute importance of three separate potential influences on domestic sectoral-prices within a country: (1) external prices, (2) capital movements, and (3) technological change. Monthly data for West Germany and Sweden are used, since these are among the few countries for which price-index series exist for imports and exports, classified consistently with the price-index series for commodities sold on the domestic market.2

Keywords: Price Index; Technical Change; Relative Prex; House Rent; Current Account Deficit (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-17919-0_13

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DOI: 10.1007/978-1-349-17919-0_13

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