The aim of the present article is to analyze the convergence of regional inflation rates in Turkey from 2004 to 2015 by … adopting a distribution dynamics approach, namely discrete time Markovian chains. Convergence across regional inflation rates … regional inflation behaivor is random and non-structural as the relatively high and low inflationary places tend to change …

The aim of the present article is to analyze the convergence of regional inflation rates in Turkey from 2004 to 2015 by … adopting a distribution dynamics approach, namely discrete time Markovian chains. Convergence across regional inflation rates … regional inflation behaivor is random and non-structural as the relatively high and low inflationary places tend to change …

We empirically analyze regional inflation using data from Japan where there is no regulation to impede the free … location of regions and the productivity effect as explanation for the dynamics of regional inflation. Technically, given that … spatial location and productivity are important determinants of regional inflation. Furthermore inflation persistence is …