2004, 2001, English, Article, Working paper edition: Global Influences on UK Manufacturing Prices Coutts, Ken; Norman, Neville R.

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Bookmark: http://trove.nla.gov.au/version/605
Physical Description
  • 127637 bytes, application/​pdf
  • Working Paper
Published
  • 2004-06-16T16:04:57Z
  • 2001-11
Language
  • English

Edition details

Title
  • Global Influences on UK Manufacturing Prices
Author
  • Coutts, Ken
  • Norman, Neville R.
Published
  • 2004-06-16T16:04:57Z
  • 2001-11
Physical Description
  • 127637 bytes, application/​pdf
  • Working Paper
Subjects
Notes
  • This paper presents substantial new evidence on the competitive process that links together industrial economic and international economics. Our time-series data base concerns manufactured product prices and their domestic and international determinants. We identity cointegrating relationships, using single equation and multivariate methods. We find that both market imperfections, largely ignored in international economics, and international factors, mostly neglected in industrial economics, should be jointly incorporated into pricing analysis. The significance of global factors varies markedly: differentiated-product sectors respond little to foreign price signals. Our findings are relevant to many fields within economics, including the transmission of inflation.
Language
  • English
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