One Country, Two Prices? A Study of the Deflationary Effect of Price Convergence on Hong Kong
Author
Abstract
Suggested Citation
DOI: 10.1111/j.1467-8381.2004.00198.x
Download full text from publisher
References listed on IDEAS
- John Y. Campbell & Pierre Perron, 1991.
"Pitfalls and Opportunities: What Macroeconomists Should Know about Unit Roots,"
NBER Chapters, in: NBER Macroeconomics Annual 1991, Volume 6, pages 141-220,
National Bureau of Economic Research, Inc.
- Campbell, John & Perron, Pierre, 1991. "Pitfalls and Opportunities: What Macroeconomists Should Know about Unit Roots," Scholarly Articles 3374863, Harvard University Department of Economics.
- John Y. Campbell & Pierre Perron, 1991. "Pitfalls and Opportunities: What Macroeconomists Should Know About Unit Roots," NBER Technical Working Papers 0100, National Bureau of Economic Research, Inc.
- Campbell, J.Y. & Perron, P., 1991. "Pitfalls and Opportunities: What Macroeconomics should know about unit roots," Papers 360, Princeton, Department of Economics - Econometric Research Program.
- Engel, Charles & Rogers, John H, 1996.
"How Wide Is the Border?,"
American Economic Review, American Economic Association, vol. 86(5), pages 1112-1125, December.
- Charles Engel & John H. Rogers, 1994. "How Wide is the Border?," NBER Working Papers 4829, National Bureau of Economic Research, Inc.
- Engel, C. & Rogers, J.H., 1995. "How Wide is the Border?," Papers 4-95-16, Pennsylvania State - Department of Economics.
- Charles Engel & John H. Rogers, 1995. "How wide is the border?," Research Working Paper 95-09, Federal Reserve Bank of Kansas City.
- Charles Engel & John H. Rogers, 1995. "How wide is the border?," International Finance Discussion Papers 498, Board of Governors of the Federal Reserve System (U.S.).
- Mr. Philip Schellekens, 2003. "Deflation in Hong Kong SAR," IMF Working Papers 2003/077, International Monetary Fund.
- Parsley, David C. & Wei, Shang-Jin, 2001.
"Explaining the border effect: the role of exchange rate variability, shipping costs, and geography,"
Journal of International Economics, Elsevier, vol. 55(1), pages 87-105, October.
- David C. Parsley & Shang-Jin Wei, 2000. "Explaining the Border Effect: The Role of Exchange Rate Variability, Shipping Costs, and Geography," NBER Working Papers 7836, National Bureau of Economic Research, Inc.
- Maddala, G S & Wu, Shaowen, 1999. "A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(0), pages 631-652, Special I.
- Stephen Cecchetti & Nelson C. Mark & Robert Sonora, 1999.
"Price Level Convergence Among United States Cities: Lessons for the European Central Bank,"
Working Papers
99-01, Ohio State University, Department of Economics.
- Stephen G. Cecchetti & Nelson C. Mark & Robert J. Sonora, 2000. "Price Level Convergence Among United States Cities: Lessons for the European Central Bank," NBER Working Papers 7681, National Bureau of Economic Research, Inc.
- Stephen Cecchetti & Nelson C. Mark & Robert Sonora, 1998.
"Price Level Convergence Among United States Cities: Lessons for the European Central Bank,"
Working Papers
32, Oesterreichische Nationalbank (Austrian Central Bank).
- Stephen Cecchetti & Nelson C. Mark & Robert Sonora, 1999. "Price Level Convergence Among United States Cities: Lessons for the European Central Bank," Working Papers 99-01, Ohio State University, Department of Economics.
- Stephen G. Cecchetti & Nelson C. Mark & Robert J. Sonora, 2000. "Price Level Convergence Among United States Cities: Lessons for the European Central Bank," NBER Working Papers 7681, National Bureau of Economic Research, Inc.
- David C. Parsley & Shang-Jin Wei, 1996.
"Convergence to the Law of One Price Without Trade Barriers or Currency Fluctuations,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 111(4), pages 1211-1236.
- David C. Parsley & Shang-Jin Wei, 1996. "Convergence to the Law of One Price Without Trade Barriers or Currency Fluctuations," NBER Working Papers 5654, National Bureau of Economic Research, Inc.
- G. S. Maddala & Shaowen Wu, 1999. "A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(S1), pages 631-652, November.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Necmettin Tarhan Feyzioglu & Luke Byrne Willard, 2008. "Does China have Inflationary Effects on the USA and Japan?," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 16(1), pages 1-16, January.
- Mehrotra, Aaron N., 2007.
"Exchange and interest rate channels during a deflationary era--Evidence from Japan, Hong Kong and China,"
Journal of Comparative Economics, Elsevier, vol. 35(1), pages 188-210, March.
- Mehrotra, Aaron, 2005. "Exchange and interest rate channels during a deflationary era: evidence from Japan, Hong Kong and China," BOFIT Discussion Papers 17/2005, Bank of Finland Institute for Emerging Economies (BOFIT).
- Mehrotra, Aaron N., 2007.
"Exchange and interest rate channels during a deflationary era--Evidence from Japan, Hong Kong and China,"
Journal of Comparative Economics, Elsevier, vol. 35(1), pages 188-210, March.
- Mehrotra, Aaron, 2005. "Exchange and interest rate channels during a deflationary era : evidence from Japan, Hong Kong and China," BOFIT Discussion Papers 17/2005, Bank of Finland, Institute for Economies in Transition.
- repec:zbw:bofitp:2005_017 is not listed on IDEAS
- Mr. Luke B Willard & Mr. Tarhan Feyzioglu, 2006. "Does Inflation in China Affect the United States and Japan?," IMF Working Papers 2006/036, International Monetary Fund.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Das, Samarjit & Bhattacharya, Kaushik, 2004. "Price Convergence across Regions in India," Bonn Econ Discussion Papers 1/2005, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Goldberg, Pinelopi K. & Verboven, Frank, 2005.
"Market integration and convergence to the Law of One Price: evidence from the European car market,"
Journal of International Economics, Elsevier, vol. 65(1), pages 49-73, January.
- Pinelopi K. Goldberg & Frank Verboven, 2001. "Market Integration and Convergence to the Law of One Price: Evidence from the European Car Market," NBER Working Papers 8402, National Bureau of Economic Research, Inc.
- Verboven, Frank & Goldberg, Pinelopi, 2001. "Market Integration and Convergence to the Law of One Price: Evidence from the European Car Market," CEPR Discussion Papers 2926, C.E.P.R. Discussion Papers.
- Janet Ceglowski, 2003. "The law of one price: intranational evidence for Canada," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 36(2), pages 373-400, May.
- Chen, Natalie, 2004.
"The behaviour of relative prices in the European Union: A sectoral analysis,"
European Economic Review, Elsevier, vol. 48(6), pages 1257-1286, December.
- Chen, Natalie, 2002. "The Behaviour of Relative Prices in the European Union: A Sectoral Analysis," CEPR Discussion Papers 3320, C.E.P.R. Discussion Papers.
- Beck, Günter W., 2003. "Nominal exchange rate regimes and relative price dispersion: On the importance of nominal exchange rate volatility for the width of the border," CFS Working Paper Series 2003/45, Center for Financial Studies (CFS).
- Weber, Axel A. & Beck, Günter W., 2005. "Inflation rate dispersion and convergence in monetary and economic unions: lessons for the ECB," CFS Working Paper Series 2005/31, Center for Financial Studies (CFS).
- Chaudhuri Kausik & Sheen Jeffrey R, 2007.
"To Pool or to Aggregate? Tests with a Dynamic Panel Macroeconometric Model of Australian State Labor Markets,"
The B.E. Journal of Macroeconomics, De Gruyter, vol. 7(1), pages 1-37, January.
- Chaudhuri, Kausik & Sheen, Jeffrey, 2003. "To Pool or to Aggregate? Tests with a Dynamic Panel Macroeconometric Model of Australian State Labour Markets," Working Papers 1, University of Sydney, School of Economics.
- Weber, Axel A. & Beck, Guenter, 2003. "How wide are European borders? On the integration effects of monetary unions," CFS Working Paper Series 2001/07, Center for Financial Studies (CFS).
- Joanna Wolszczak-Derlacz & Rembert De Blander, 2009. "Price convergence in the European Union and in the New Member States," Bank i Kredyt, Narodowy Bank Polski, vol. 40(2), pages 37-59.
- Giovanni Arese-Visconti, 2002. "Labor-Cost Effects on Relative Prices between Regions of a Monetary Union: Implications for the EMU," Econometrics Working Papers Archive wp2002_20, Universita' degli Studi di Firenze, Dipartimento di Statistica, Informatica, Applicazioni "G. Parenti".
- Bruno Versailles, 2012. "Market Integration and Border Effects in Eastern Africa," Economics Series Working Papers WPS/2012-01, University of Oxford, Department of Economics.
- Ana Iregui & Jesús Otero, 2011.
"Testing the law of one price in food markets: evidence for Colombia using disaggregated data,"
Empirical Economics, Springer, vol. 40(2), pages 269-284, April.
- Ana María Iregui & Jesús Otero, 2008. "Testing the law of one price in food markets: evidence for Colombia using disaggregated data," Documentos de Trabajo 5102, Universidad del Rosario.
- Depken, Craig II & Sonora, Robert J., 2002. "International price volatility: Evidence from U.S. and Mexican cities," The North American Journal of Economics and Finance, Elsevier, vol. 13(2), pages 179-193, August.
- Rose, Andrew K & Engel, Charles, 2002.
"Currency Unions and International Integration,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 34(4), pages 1067-1089, November.
- Andrew K. Rose & Charles Engel, 2000. "Currency Unions and International Integration," NBER Working Papers 7872, National Bureau of Economic Research, Inc.
- Rose, Andrew & Engel, Charles, 2001. "Currency Unions and International Integration," CEPR Discussion Papers 2659, C.E.P.R. Discussion Papers.
- Dreher, Axel & Krieger, Tim, 2004.
"Do gasoline prices converge in a unified Europe with non-harmonized tax rates?,"
Arbeitspapiere der Nordakademie
2004-04, Nordakademie - Hochschule der Wirtschaft.
- Axel Dreher & Tim Krieger, 2004. "Do gasoline prices converge in a unified Europe with non-harmonized tax rates?," TWI Research Paper Series 2, Thurgauer Wirtschaftsinstitut, Universität Konstanz.
- Axel Dreher & Tim Krieger, 2005. "Do gasoline prices converge in a unified Europe with non-harmonized tax rates?," KOF Working papers 05-114, KOF Swiss Economic Institute, ETH Zurich.
- Axel Dreher & Tim Krieger, 2004. "Do gasoline prices converge in a unified Europe with non- harmonized tax rates?," International Finance 0411005, University Library of Munich, Germany.
- Thomas Mathä, 2003.
"What to expect of the euro? Analysing price differences of individual products in Luxembourg and its surrounding regions,"
BCL working papers
8, Central Bank of Luxembourg.
- Thomas Mathä, 2003. "What to Expect of the Euro? Analysing Price Differences of Individual Products in Luxembourg and its Surrounding Regions," ERSA conference papers ersa03p70, European Regional Science Association.
- Enrique Alberola & José Manuel Maqués, "undated".
"On the revelance and nature of regional inflation differentials: The case of Spain,"
Studies on the Spanish Economy
35, FEDEA.
- Enrique Alberola & José M. Marqués, 1999. "On the Relevance and Nature of Regional Inflation Differentials: the Case of Spain," Working Papers 9913, Banco de España.
- Christian Dreger & Konstantin Kholodilin & Kirsten Lommatzsch & JiÅà SlaÄálek & Przemyslaw Wozniak, 2008.
"Price Convergence in an Enlarged Internal Market,"
Eastern European Economics, Taylor & Francis Journals, vol. 46(5), pages 57-68, September.
- Christian Dreger & Konstantin Kholodilin & Kirsten Lommatzsch & Jirka Slacalek & Przemyslaw Wozniak, 2007. "Price Convergence in the Enlarged Internal Market," CASE Network Reports 0076, CASE-Center for Social and Economic Research.
- Christian Dreger & Konstantin Kholodilin & Kirsten Lommatzsch & Jirka Slacalek & Przemyslaw Wozniak, 2007. "Price convergence in the enlarged internal market," European Economy - Economic Papers 2008 - 2015 292, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Christian Dreger & Konstantin Kholodilin & Kirsten Lommatzsch & Jiri Slacalek & Przemyslaw Wozniak, 2007. "Price Convergence in the Enlarged Internal Market," Discussion Papers of DIW Berlin 730, DIW Berlin, German Institute for Economic Research.
- Mario J Crucini & Mototsugu Shintani, 2002.
"Persistence in Law-of-One-Price Deviations: Evidence From Micro-Price Data,"
Levine's Working Paper Archive
506439000000000019, David K. Levine.
- Mario J Crucini & Mototsugu Shintani, 2002. "Persistence in Law-of-One-Price Deviations: Evidence From Micro-Price Data," NajEcon Working Paper Reviews 506439000000000019, www.najecon.org.
- Jun Nagayasu, 2017. "Regional inflation, spatial locations and the Balassa-Samuelson effect: Evidence from Japan," Urban Studies, Urban Studies Journal Limited, vol. 54(6), pages 1482-1499, May.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:asiaec:v:18:y:2004:i:4:p:405-421. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/eaeaaea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.