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http://hdl.handle.net/10419/32132
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| Title: | | Disparities in prices and income across German NUTS 3 regions  |
| Authors: | | Kosfeld, Reinhold Eckey, Hans-Friedrich Lauridsen, Jørgen |
| Issue Date: | | 2007 |
| Series/Report no.: | | Volkswirtschaftliche Diskussionsbeiträge 93 |
| Abstract: | | In EU countries, knowledge on spatial disparities in overall price level is extremely scarce. When interregional price disparities are large, however, nominal income measures fail to assess prosperity and the catch-up processes of regions. Despite its importance for regional policy, no official regional price statistic is available as a standard. On account of this gap, this paper deals with the econometric estimation of regional price indices for German NUTS 3 regions. Econometric price models for the consumer price index (CPI) and the housing rent index (HRI) are developed on the ground of utility maximization in a two-goods model. The estimated price indices are used to analyse price disparities in the period 1995-2004 across German NUTS 3 regions. Real income comparisons show that the East/West gap is likely to be substantially larger than assessed from incomplete price data in previous studies. |
| Subjects: | | Regional price level econometric price models price disparities real income disparities |
| JEL: | | C21 R13 R31 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Volkswirtschaftliche Diskussionsbeiträge, Universität Kassel
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