A Note on Price Behavior in Urban Pakistan

James Herndon

Southern Economic Journal, 2020, vol. 86, issue 3, 1214-1221

Abstract: This article examines the price behavior of consumer goods in the strategically vital country of Pakistan. Results show that prices converge both temporally and spatially. A wage‐adjusted Consumer Price Index shows that Pakistani cities have converging costs of living. Finally, a novel measure of cointegration ranks the most and least economically integrated cities. Divergence does not occur along provincial, linguistic, or ethnic boundaries.

Date: 2020
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https://doi.org/10.1002/soej.12412

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Persistent link: https://EconPapers.repec.org/RePEc:wly:soecon:v:86:y:2020:i:3:p:1214-1221

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