Convergence in price levels across US cities

This paper empirically tests for convergence in consumer price indices across 17 major cities in US over the 1918–2008 period. By using the novel OLS estimator introduced by Bao, Y., Dhongde, S., 2009. Testing convergence in income distribution. Oxford Bulletin of Economics and Statistics 71, 295–302, we find overwhelming evidences in support of price level convergence over time.

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Year of publication:	2012
Authors:	Huang, Ho-Chuan ; Liu, Wei-Han ; Yeh, Chih-Chuan
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 114.2012, 3, p. 245-248
Publisher:	Elsevier
Subject:	CPI \| Convergence \| Panel data \| GMM

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Type of publication:	Article
Classification:	C23 - Models with Panel Data ; E31 - Price Level; Inflation; Deflation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010576409