Convergencia de precios entre las principales ciudades de México
Mario Gómez Aguirre ()
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Mario Gómez Aguirre: Instituto de Investigaciones Económicas y Empresariales de la Universidad Michoacana de San Nicolás de Hidalgo
Revista Nicolaita de Estudios Económicos, 2010, vol. V, issue 2, 85-104
Abstract:
This paper examines price convergence between the major cities of Mexico making use of unit root tests with panel data. If the price deviation is stationary, it is said that there is price convergence and market integration. The results achieved in this paper indicate that the price deviations are temporary (not permanent), and so they tend to return to their average values or long-term equilibrium.
Keywords: unit root; purchasing power parity; price convergence; integration (search for similar items in EconPapers)
JEL-codes: C20 C23 E64 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ris:rnicee:0056
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