Inflation and consumption of nontradable goods: Global implications from regional analyses

Jun Nagayasu

International Review of Economics & Finance, 2017, vol. 48, issue C, 478-491

Abstract: This paper analyzes empirically the regional inflation from the demand-side using consumption data on goods and services as well as the geographical location of regions in Japan. The service sector has been expanding rapidly over recent decades in terms of its contribution to the total economic activity in advanced countries including Japan. After providing a theoretical relationship between regional inflation and consumption of nontradable goods, we confirm the interaction between the inflation rates across regions and find evidence that different consumption patterns of services across regions explain regional inflation in Japan.

Keywords: Regional inflation; Nontradable goods; Services; Demographic changes; Spatial models (search for similar items in EconPapers)
JEL-codes: E3 F3 R1 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1059056016300946
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:48:y:2017:i:c:p:478-491

DOI: 10.1016/j.iref.2017.01.004

Access Statistics for this article

International Review of Economics & Finance is currently edited by H. Beladi and C. Chen

More articles in International Review of Economics & Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().