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Services in the Domestic Economy and in World Transactions

Kravis, Irving B. - 1983

A new interest in the role of services in world transactions has been generated by the current efforts of the U. S …. Government to reduce barriers to international trade in services.The paper distinguishes four different classifications of … economic activities between services and corrmodities. Service industries -- those producing non-storable outputs -- have been …

Persistent link: https://www.econbiz.de/10012477978

Pricing to Market, Staggered Contracts, and Real Exchange Rate Persistence

Bergin, Paul R. - 1999

This paper offers an explanation for the persistence observed in real exchange rate movements. The model combines pricing to market behavior with sticky prices generated by staggered contracts. A translog preference structure is sued to enhance both features. The paper finds that openness limits...

Persistent link: https://www.econbiz.de/10012471774

Export Prices and Exchange Rates

Kravis, Irving B. - 1977

The present paper is intended to make a modest contribution to an under-standing of one small but important link in this complicated chain of interacting factors. It is a link that has often been ignored because strong simplifying assumptions have until very recently usually been made about it....

Persistent link: https://www.econbiz.de/10012478947

Price Behavior in the Light of Balance of Payments Theories

Kravis, Irving B. - 1977

The purpose of this paper is to describe the behavior of that subset of prices and price indexes that is relevant to the theory of balance of payments adjustment. The theoretical writings on the balance of payments may be viewed at this juncture as falling into two main groups -- the "standard"...

Persistent link: https://www.econbiz.de/10012478950

Globalization, Markups and U.S. Welfare

Feenstra, Robert C. - 2010

This paper is the first attempt to structurally estimate the impact of globalization on markups, and the effect of changing markups on welfare, in a monopolistic competition model. To achieve this, we work with a class of preferences that allow for endogenous markups and firm entry and exit that...

Persistent link: https://www.econbiz.de/10012462906

Staggered Price Setting and Endogenous Persistence

Bergin, Paul R. - 1998

This paper generates persistent effects of a monetary disturbance in the context of staggered price-setters. Previous research has been restricted by the CES functional form to price-setting rules that are constant markups over marginal costs. The present paper considers a translog form for...

Persistent link: https://www.econbiz.de/10012472310

Goods Prices and Exchange Rates : What Have We Learned?

Goldberg, Pinelopi K. - 1996

Import prices typically change by a smaller proportion than the exchange rate between the exporting and importing country. Recent research indicates that common-currency relative prices for similar goods exported to different markets are highly correlated with exchange rates between those...

Persistent link: https://www.econbiz.de/10012472966

Measuring the Intensity of Competition in Export Markets

Goldberg, Pinelopi K. - 1995

This paper develops an approach to measuring the intensity of competition in international markets. The method measures the degree of 'outside' competition faced by exporters located in one source country from firms located outside the source country. We use the elasticity of price and quantity...

Persistent link: https://www.econbiz.de/10012473651

Why are Retail Prices in Japan so High? : Evidence from German Export Prices

Knetter, Michael M. - 1994

It is well documented that retail prices in Japan are higher than in other countries for similar products. The two main competing explanations for this finding are: (1) a relatively high degree of discriminatory practices against imports and (2) relatively high distribution costs associated with...

Persistent link: https://www.econbiz.de/10012474013

Market Share and Exchange Rate Pass-Through in World Automobile Trade

Feenstra, Robert C. - 1993

This paper explores the relationship between exchange rate pass-through and market share for monopolistically competitive exporters. Under fairly general assumptions we show that pass-through should be high for exporters based in a country with a very large share of total destination market...

Persistent link: https://www.econbiz.de/10012474552