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The Behavior of Nontradable Goods Prices in Europe
Mr.Thomas KruegerMr.Jose De GregorioMr.Alberto Giovannini
其他書名
Evidence and Interpretation
出版International Monetary Fund, 1993-05-01
主題Business & Economics / Foreign ExchangeBusiness & Economics / Labor / GeneralBusiness & Economics / Production & Operations Management
ISBN14519742649781451974263
URLhttp://books.google.com.hk/books?id=RJEYEAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋This paper examines the evolution of the relative price between tradable and nontradable goods in a group of European countries. A model of an open economy is used to analyze different factors that can account for an increase in the relative price of nontradable goods. These factors are: (a) faster technological progress in the tradable goods sector; (b) demand shifts toward nontradable goods; and (c) real wage pressures. The relevance of these factors is analyzed empirically for France, Germany, Italy, Spain and the United Kingdom.