Price dispersion across and within countries: The case of Japan and Korea

Baba, Chikako

doi:10.1016/j.jjie.2006.03.001

Cited by 17 publications

(12 citation statements)

References 10 publications

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“…Engel and Rogers use price data from a sample of U.S. and Canadian cities to show how even a peaceful and porous political border creates a wedge between market prices for similar goods. Baba (2007) confirms the border effect between Japan and Korea. Parsley and Wei (2001) find a border effect between Japan and the United States, which they partially explain with controls for unit shipping costs and exchange rate variability.…”

Section: Introductionsupporting

confidence: 53%

Lines in the Sand: Price Dispersion across Iraq’s Intranational Borders before, during, and after the Surge

Blomberg

Engel²

2012

The Journal of Law and Economics

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Section: Introductionsupporting

confidence: 53%

Lines in the Sand: Price Dispersion across Iraq’s Intranational Borders before, during, and after the Surge

Blomberg

Engel²

2012

The Journal of Law and Economics

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“…3 Other published studies examine CPI convergence across cities and regions; see Cecchetti et al (2002) for an important contribution. Baba (2007) is the only paper dealing with regional Korean price level data. He studies the degree of price level convergence but does not analyse the effect of the regime change in 1999.…”

Section: The Datamentioning

confidence: 99%

Inflation Targeting and Regional Inflation Persistence: Evidence from Korea

Tillmann

2013

Pacific Economic Review

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract: The adoption of a credible monetary policy regime such as inflation targeting is known to reduce the persistence of inflation fluctuations. This conclusion, however, is derived from aggregate inflation or sectoral inflation rates, not from regional inflation data. This paper studies the regional dimension of inflation targeting, i.e. the consequences of inflation targeting for regional inflation persistence. Based on data for Korean cities and provinces it is shown that the adoption of inflation targeting leads (i) to a fall in inflation persistence at the regional level and (ii) to a reduction in the cross-regional heterogeneity in inflation persistence. A common factor model lends further support to the role of the common component, and hence monetary policy, for regional inflation persistence. Terms of use: Documents in

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“…5 This observation naturally casts doubt on 3 A not-exhaustive list of studies that conduct gravity-type regressions contains Engel and Rogers (1996), Parsley and Wei (1995), Broda and Weinstein (2008), Engel et al (2005), Ceglowski (2003), Crucini at al. (2010), andBaba (2007). 4 Among a series of past studies, for example, Broda and Weinstein (2008) observe the 1.2% distance elasticity of the absolute log price differentials within the barcode-level scanner data of retail prices across Canadian and U.S. cities.…”

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confidence: 99%

Exaggerated death of distance: Revisiting distance effects on regional price dispersions

Kano

Takechi

2013

Journal of International Economics

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This paper empirically establishes the significant roles of transport costs in price dispersions across regions. We identify and estimate the iceberg-type distance-elastic transport costs as a parameter of a structural model of cross-regional price differentials featuring product delivery decisions. Utilizing a data set of wholesale prices and product delivery patterns of agricultural products in Japan, our structural estimation approach finds large distance elasticities of the transport costs. The result confirms that geographical barriers are an economically significant contributor to the failures of the law of one price.

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Price dispersion across and within countries: The case of Japan and Korea

Cited by 17 publications

References 10 publications

Lines in the Sand: Price Dispersion across Iraq’s Intranational Borders before, during, and after the Surge

Lines in the Sand: Price Dispersion across Iraq’s Intranational Borders before, during, and after the Surge

Inflation Targeting and Regional Inflation Persistence: Evidence from Korea

Exaggerated death of distance: Revisiting distance effects on regional price dispersions

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