Price Convergence in the European Car Market

Salvador Gil-Pareja and Simon Sosvilla-Rivero

No 2005-22, Working Papers from FEDEA

Abstract: This paper examines price convergence in the European Union Car market over the period 1995-2005. The results indicate that there is a clear evidence of price convergence among the EU15 countries, but not before 1999. Moreover, countries of the Economic and Monetary Union started convergence previously to the EU15 as a whole. Finally, exchange rate changes has significantly contributed to price dispersion over time across countries

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Journal Article: Price convergence in the European car market (2007)
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