CEU Electronic Theses and Dissertations, 2012
| Author | Szabó, István |
|---|---|
| Title | Convergence to the Law of One Price: Evidence from European Cities |
| Summary | This study examines the price movement between 38 European cities. Using the methods of Arellano and Bond (1991) and Levin et al. (2002) I find evidence for relative convergence of tradable goods prices between 1990 and 2007. The goods used are 211 tradable products, covering a large subgroup of goods. I also measure the effect of the enlargement of the European Union and the creation of Euro Area. The former cause prices increase relative to old members, the latter causes price decrease relative to cities outside Euro Area. |
| Supervisor | Rabitsch, Katrin |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2012/szabo_istvan_02.pdf |
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