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Article Dans Une Revue Applied Economics Année : 2011

CONVERGENCE IN CAR PRICES AMONG EUROPEAN COUNTRIES

Résumé

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.
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Dates et versions

hal-00711454 , version 1 (25-06-2012)

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Simon Sosvilla-Rivero, Salvador Antonio Gil-Pareja. CONVERGENCE IN CAR PRICES AMONG EUROPEAN COUNTRIES. Applied Economics, 2011, pp.1. ⟨10.1080/00036846.2011.570728⟩. ⟨hal-00711454⟩

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