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International Consumption Patterns among High-income Countries: Evidence from the OECD Data

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  • Istvan Konya

    (Department of Economics, Magyar Nemzeti Bank)

  • Hiroshi Ohashi

    (Faculty of Economics, University of Tokyo)

Abstract

The paper analyzes product-level consumption patterns among countries in the OECD in the period from 1985 to 1999. Estimation results find robust evidence of strong convergence in cross-country consumption patterns. The paper also finds a relationship between openness and the cross-country consumption pattern.

Suggested Citation

  • Istvan Konya & Hiroshi Ohashi, 2005. "International Consumption Patterns among High-income Countries: Evidence from the OECD Data," CIRJE F-Series CIRJE-F-327, CIRJE, Faculty of Economics, University of Tokyo.
    • Handle: RePEc:tky:fseres:2005cf327
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    References listed on IDEAS

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    1. Joshua Aizenman & Eileen Brooks, 2008. "Globalization and Taste Convergence: the Cases of Wine and Beer," Review of International Economics, Wiley Blackwell, vol. 16(2), pages 217-233, May.
    2. 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.
    3. A. Gracia & L.M. Albisu, 2001. "Food consumption in the European Union: Main determinants and country differences," Agribusiness, John Wiley & Sons, Ltd., vol. 17(4), pages 469-488.
    4. Taylor, Alan M, 2001. "Potential Pitfalls for the Purchasing-Power-Parity Puzzle? Sampling and Specification Biases in Mean-Reversion Tests of the Law of One Price," Econometrica, Econometric Society, vol. 69(2), pages 473-498, March.
    5. 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.
    6. Istvan Konya & Hiroshi Ohashi, 2004. "Globalization and Consumption Patterns among the OECD Countries," Boston College Working Papers in Economics 596, Boston College Department of Economics.
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    Cited by:

    1. Nektarios A. Michail, 2020. "Convergence of consumption patterns in the European Union," Empirical Economics, Springer, vol. 58(3), pages 979-994, March.
    2. Joshua Aizenman & Eileen Brooks, 2008. "Globalization and Taste Convergence: the Cases of Wine and Beer," Review of International Economics, Wiley Blackwell, vol. 16(2), pages 217-233, May.
    3. Gasim, Anwar A., 2015. "The embodied energy in trade: What role does specialization play?," Energy Policy, Elsevier, vol. 86(C), pages 186-197.
    4. Jose de Sousa & Eve Sihra & Thierry Mayer, 2019. "Market Integration and Convergence in Consumption Patterns," 2019 Meeting Papers 1178, Society for Economic Dynamics.
    5. Ayse Ozturk & S. Tamer Cavusgil & O. Cem Ozturk, 2021. "Consumption convergence across countries: measurement, antecedents, and consequences," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(1), pages 105-120, February.
    6. Beverelli, Cosimo & Ticku, Rohit, 2022. "Reducing tariff evasion: The role of trade facilitation," Journal of Comparative Economics, Elsevier, vol. 50(2), pages 534-554.
    7. Marlena Piekut, 2021. "Between Poverty and Energy Satisfaction in Polish Households Run by People Aged 60 and Older," Energies, MDPI, vol. 14(19), pages 1-30, September.
    8. Ms. Deniz O Igan & Ms. Natalia T. Tamirisa, 2008. "Are Weak Banks Leading Credit Booms? Evidence from Emerging Europe," IMF Working Papers 2008/219, International Monetary Fund.
    9. Cuffaro , Miranda & Cracolici, Maria Francesca & Nijkamp, Peter, 2006. "Economic convergence vs. socio-economic convergence in space," Serie Research Memoranda 0020, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    10. Pui Sun Tam, 2018. "Economic Transition and Growth Dynamics in Asia: Harmony or Discord?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(3), pages 361-387, September.
    11. Ms. Deniz O Igan & Marcelo Pinheiro, 2011. "Credit Growth and Bank Soundness: Fast and Furious?," IMF Working Papers 2011/278, International Monetary Fund.
    12. Magdalena Maciaszczyk & Aneta Czechowska-Kosacka & Agnieszka Rzepka & Tomasz Lipecki & Ewa Łazuka & Paweł Wlaź, 2022. "Consumer Awareness of Renewable Energy Sources: The Case of Poland," Energies, MDPI, vol. 15(22), pages 1-16, November.
    13. International Monetary Fund, 2006. "Czech Republic, Republic of Estonia, Hungary, Republic of Latvia, Republic of Lithuania, Republic of Poland, Slovak Republic, and Republic of Slovenia; Export Structure and Credit Growth," IMF Staff Country Reports 06/414, International Monetary Fund.
    14. Michał Bernard Pietrzak & Bartłomiej Igliński & Wojciech Kujawski & Paweł Iwański, 2021. "Energy Transition in Poland—Assessment of the Renewable Energy Sector," Energies, MDPI, vol. 14(8), pages 1-23, April.
    15. Robert Sidełko, 2021. "Application of Technological Processes to Create a Unitary Model for Energy Recovery from Municipal Waste," Energies, MDPI, vol. 14(11), pages 1-15, May.
    16. Kenneth W Clements & Yihui Lan & Haiyan Liu & Long Vo, 2022. "The Icp, Ppp And Household Expenditure Patterns," Economics Discussion / Working Papers 22-18, The University of Western Australia, Department of Economics.

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