English, Article, Journal or magazine article edition: The Convergence of Automobile Prices in the European Union: an Empirical Analysis for the Period 1993-1999 Guillaume Gaulier; Severine Haller

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Bookmark: http://trove.nla.gov.au/version/159058
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The Convergence of Automobile Prices in the European Union: an Empirical Analysis for the Period 1993-1999
Author
  • Guillaume Gaulier
  • Severine Haller
Physical Description
  • preprint
Notes
  • Over the last decade, the EC automobile market has been the scene of significant price differentials for the same vehicle across the member states. The move towards a more integrated internal market, since January 1993, obviously calls for more up-to-date empirical information. We provide an analysis of price convergence over the period 1993-1999 for EU countries. Car characteristics were collected to build aggregate prices for countries thanks to a quasi-hedonic econometric model. Price dynamic is analyzed through Sigma and Beta convergence. We found that Sigma convergence is impeded by exchange rates fluctuations, while there is a strong force driving Beta convergence. The Euro should then favor convergence.
  • Automobile; european integration; panel data; price convergence
  • RePEc:cii:cepidt:2000-14
Language
  • English
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