The Interdependence between the Level of Domestic Prices and the Price Level in the Developed Countries

Angelica Bacescu-Carbunaru () and Monica Condruz-Bacescu ()
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Angelica Bacescu-Carbunaru: The Bucharest Academy of Economic Studies, Romania
Monica Condruz-Bacescu: The Bucharest Academy of Economic Studies, Romania

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2011, vol. 12, issue 3, 420-431

Abstract: The article deals with the controversial issue of price harmonization practiced in the European Union. Therefore, we take into account the differences between national economies of member countries and the time difference of these economies in EU, a thing that imposes the establishment of different harmonization periods. It is also raised the issue of price harmonization: by increasing the prices of commercial and non-commercial products in developed countries or by increasing the prices in less developed countries. There are also analysed different concepts and solutions, with their advantages and disadvantages, reaching the conclusion that prices, salaries and profits on the domestic market of a country have to be adapted to the reality in each country.

Keywords: single price; commercial products and services; non-commercial products and services; Balassa-Samuelson effect; Pierre-Noel Giraud theory; purchasing power parity. (search for similar items in EconPapers)
JEL-codes: E31 E42 E52 H11 H20 O17 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:rom:rmcimn:v:12:y:2011:i:3:p:420-431

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