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The influence of factor prices and import prices on the Catalan Economy (1994)

Author

Listed:
  • Llop Llop , Maria

    (Universitat Rovira i Virgili)

  • Manresa Sánchez, Antonio

Abstract

The objective of this paper is to show the influence of the primary inputs prices on the production prices in the Catalan Economy. The methodology we use is the input-output framework, which has permitted us to reflect the changes in the prices of domestic processing sectors under changes in their input costs. Our results demonstrate that production prices react with higher intensity when there is a change in the import costs, in comparison with a change in the domestic costs. This evidence allows us to conclude that the price control inside the economy may be very limited when the increased cost is caused by the foreign sector.

Suggested Citation

  • Llop Llop , Maria & Manresa Sánchez, Antonio, 2004. "The influence of factor prices and import prices on the Catalan Economy (1994)," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 4, pages 115-129.
    • Handle: RePEc:ris:invreg:0190
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    More about this item

    Keywords

    input-output model; cost of processing sectors; production prices; consumption prices;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis

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