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Persistent link: https://www.econbiz.de/10011854317
If taxes are the same across countries and no tariffs are imposed on international trade, the optimal strategy of a … multinational firm is to set transfer prices at marginal costs of its affiliated firms. But in reality we observe trade tariffs and …
Persistent link: https://www.econbiz.de/10005036649
This paper deals with the recent empirical phenomenon of intraindustry trade, i.e. trade in similar goods between … structure, along the lines of Austrian economics, is presented and a useful tool for the analysis of intraindustry trade is … structure theory for the analysis of intraindustry trade. We accordingly apply the concepts of the structure of production on …
Persistent link: https://www.econbiz.de/10005036701
The spatial and regional analysis has a long tradition but until very recently the mainstream economics has not given careful attention to space. This article surveys recent contributions on the spatial or regional economics, which often overlaps with urban economics. As this literature is very...
Persistent link: https://www.econbiz.de/10008752944
The main goal of this paper is to analyse the process of price convergence (beta and sigma convergence) in new EU Member States towards the Euro area (EU-12). The theoretical part of the paper consists of a brief overview of methods that are employed for analyses of the process of price...
Persistent link: https://www.econbiz.de/10009293709
This paper begins with a description of simple select models of inflation and their ability to fit the data. The paper in turn measures the stability of particular parsimonious models. One-step forecast tests are applied, which establish the instability of the money demand model compared with...
Persistent link: https://www.econbiz.de/10008540713
There are three possible price movements in a market economy: stability, inflation, and deflation. Inflation and deflation are defined in this article as changes in the purchasing power of money caused by the money creation. Inflation and deflation have many asymmetric, and even some symmetric,...
Persistent link: https://www.econbiz.de/10008549675
This article attempts to answer a few open questions related to price convergence in the Czech Republic and in other Central and Eastern European Countries toward prices in the European Union. The authors address the following issues: First, what, from the theoretical viewpoint, should the...
Persistent link: https://www.econbiz.de/10008549821
The paper provides an introduction to essays published in this volume, which focus on nominal and real convergence in transition countries. The paper is based on the idea that the process of convergence can, to a large extent, be viewed via developments in real exchange rates. Key issues...
Persistent link: https://www.econbiz.de/10008549861
The Czech Economic Association, in co-operation with the Czech National Bank, organised a public seminar on ?The State of the Phillips Curve,? which featured a lecture by Professor Laurence Ball, in Prague in April 2001. Professor Ball, a professor of economics at John Hopkins University, began...
Persistent link: https://www.econbiz.de/10008495640