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dc.contributor.authorDreger, Christianen_US
dc.contributor.authorKosfeld, Reinholden_US
dc.date.accessioned2008-01-30en_US
dc.date.accessioned2009-08-06T13:19:33Z-
dc.date.available2009-08-06T13:19:33Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/27278-
dc.description.abstractWe investigate price index convergence on the base of regional data for 439 German districts. Prices refer to the overall consumer price index as well as to the index without housing prices. To increase the efficiency of the testing framework, a panel unit root analysis is performed, where cross section dependencies are taken into account. The tests indicate a lack of regional price convergence. While the idiosyncratic component of price differentials is mostly stationary, their common component is driven by a unit root. The results are very similar for the overall price index and the index without housing prices, and for the Western and Eastern part of the German economy. Obviously the elimination of housing prices is not sufficient to obtain a price index where tradable products dominate. One rationale of our findings is the persistent west-east divide in consumer prices. A second argument is related to the persistence of the price gradient between urban and rural regions.en_US
dc.language.isoengen_US
dc.publisherDeutsches Institut für Wirtschaftsforschung (DIW) Berlinen_US
dc.relation.ispartofseriesDiscussion papers // German Institute for Economic Research 754en_US
dc.subject.jelE31en_US
dc.subject.jelR10en_US
dc.subject.jelC33en_US
dc.subject.ddc330en_US
dc.subject.keywordRegional price differentialsen_US
dc.subject.keywordprice convergenceen_US
dc.subject.keywordpanel unit rootsen_US
dc.subject.stwRegionale Preisstrukturen_US
dc.subject.stwLebenshaltungsindexen_US
dc.subject.stwInflationskonvergenzen_US
dc.subject.stwDeutschlanden_US
dc.subject.stwNeue Bundesländeren_US
dc.subject.stwAlte Bundesländeren_US
dc.titleDo regional price levels converge? Paneleconometric evidence based on German districtsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn557542251en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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DIW-Diskussionspapiere

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