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Price convergence in the European car market


Gil-Pareja, Salvador Antonio; Sosvilla-Rivero, Simón


Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-240524

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Abstract This paper examines price convergence in the European Union car market over the period 1995-2005. We find that there is a clear evidence of price convergence among the EU15 countries, but not before 1999. Moreover, countries of the Economic and Monetary Union (EMU) started convergence previously to the EU15 as a whole. Finally, exchange rate changes have significantly contributed to price dispersion over time across countries. The results provide significant evidence that trade liberalization and the EMU have enhanced the process of regional integration in the European automobile industry, even though there is room for further measures to promote integration.
Thesaurusschlagwörter Euro
Klassifikation Volkswirtschaftslehre; Wirtschaftssektoren
Freie Schlagwörter Market integration; Automobiles; European Union; Exchange rates
Sprache Dokument Englisch
Publikationsjahr 2008
Seitenangabe S. 241-250
Zeitschriftentitel Applied Economics, 40 (2008) 2
DOI http://dx.doi.org/10.1080/00036840600749847
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)