Explaining Prices in the Global Economy: A Post-Keynesian Model

Author:   Henk-Jan Brinkman
Publisher:   Edward Elgar Publishing Ltd
ISBN:  

9781840640441


Pages:   240
Publication Date:   25 November 1999
Format:   Hardback
Availability:   To order   Availability explained
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Explaining Prices in the Global Economy: A Post-Keynesian Model


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Overview

This 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 Details

Author:   Henk-Jan Brinkman
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
Dimensions:   Width: 15.60cm , Height: 2.40cm , Length: 23.40cm
Weight:   0.504kg
ISBN:  

9781840640441


ISBN 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   Availability explained
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.

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Henk-Jan Brinkman, Economist, Department of Economic and Social Affairs, United Nations Secretariat, US

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