Estimating UK regional price indices, 1974-96

Peter Hayes

Regional Studies, 2005, vol. 39, issue 3, 333-344

Abstract: Hayes P. (2005) Estimating UK regional price indices, 1974-96, Regional Studies 39 , 333-344. This paper examines the behaviour and construction of regional expenditure indices published in the Croner-Reward Regional Cost of Living Surveys for 1974-96. It identifies a number of problems in using these data as an appropriate deflator to the New Earnings Survey regional wages series in examining labour supply-side decisions. Instead, an alternative method with which to construct regional prices is recommended using a combination of data from Croner-Reward, from the published Retail Price Index (RPI) and from the Expenditure and Food Survey (EFS) (formerly known as the Family Expenditure Survey). Whilst these new data suggest that regional inflation rates were not significantly different from one another over the sample period, they point to an episode of increased regional price variation over the late 1980s and early 1990s. This paper suggests that these alternative indices would be of interest when examining adjustment processes to economic shocks across the regions of the UK.

Keywords: Regions; Cost of living indices; Prices; Expenditure and variability; Regions; Indices du cout de la vie; Prix; Depenses; Variation; Regionen; Lebensunterhaltsindex; Preise; Ausgaben und Variabilitat; Regiones; Indices de coste de la vida; Precios; Gastos y variabilidad; JEL classifications: R10; R12; J31 (search for similar items in EconPapers)
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/00343400500087216 (text/html)
Access to full text is restricted to subscribers.

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:taf:regstd:v:39:y:2005:i:3:p:333-344

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CRES20

DOI: 10.1080/00343400500087216

Access Statistics for this article

Regional Studies is currently edited by Ivan Turok

More articles in Regional Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().