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OverviewThis study addresses the problem of price disparities across countries, using market structures as the central focus. It also addresses the effects of trade barriers, input-output relations and economics of scale, to determine what causes prices to vary across countries. A post-Keynsian markup pricing model incorporating market power, intermediate inputs and productivity differences is developed and tested using regression analysis. Data on sectoral price levels in Japan and the republic of Korea and data on GDP and investment price levels for a large number of countries are used. the empirical evidence shows that wages, labour productivity, market power and economies of scale are the most important variables for the explanation of differing price levels across countries. The book finds little evidence for the importance of policy-induced trade barriers and competition policy in explaining this disparity. Full Product DetailsAuthor: Henk-Jan BrinkmanPublisher: Edward Elgar Publishing Ltd Imprint: Edward Elgar Publishing Ltd Dimensions: Width: 15.60cm , Height: 2.40cm , Length: 23.40cm Weight: 0.504kg ISBN: 9781840640441ISBN 10: 1840640448 Pages: 240 Publication Date: 25 November 1999 Audience: College/higher education , Undergraduate , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: To order Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of ContentsReviewsAuthor InformationHenk-Jan Brinkman, Economist, Department of Economic and Social Affairs, United Nations Secretariat, US Tab Content 6Author Website:Countries AvailableAll regions |