CONVERGENCE IN CAR PRICES AMONG EUROPEAN COUNTRIES

Simon Sosvilla-Rivero and Salvador Antonio Gil-Pareja ()
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Salvador Antonio Gil-Pareja: Estructura Económica - UV - Universitat de València = University of Valencia

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Abstract: This paper contributes to the literature on price convergence in Europe by investigating the existence of stochastic and deterministic convergence of car prices in the EU15 countries. We apply recently developed econometric techniques that allow for multiple structural breaks to an up-to-date dataset. We find considerable evidence of both types of convergence in our sample of countries and car models, therefore suggesting a tendency for relative prices to equalise over time. In addition, we find evidence regarding the importance in this convergence process of both legislative changes taking place in the years 1996 and 2002, and the implementation of EMU.

Keywords: Social; Sciences; &; Humanities (search for similar items in EconPapers)
Date: 2011-06-25
Note: View the original document on HAL open archive server: https://hal.science/hal-00711454v1
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Published in Applied Economics, 2011, pp.1. ⟨10.1080/00036846.2011.570728⟩

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Journal Article: Convergence in car prices among European countries (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00711454

DOI: 10.1080/00036846.2011.570728

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