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dc.contributor.authorKosfeld, Reinholden_US
dc.contributor.authorEckey, Hans-Friedrichen_US
dc.contributor.authorLauridsen, Jørgenen_US
dc.description.abstractIn 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.en_US
dc.publisherUniv., Fachbereich Wirtschaftswiss. Kasselen_US
dc.relation.ispartofseriesVolkswirtschaftliche Diskussionsbeiträge 93en_US
dc.subject.keywordRegional price levelen_US
dc.subject.keywordeconometric price modelsen_US
dc.subject.keywordprice disparitiesen_US
dc.subject.keywordreal income disparitiesen_US
dc.subject.stwRegionale Preisstrukturen_US
dc.subject.stwRegionale Disparitäten_US
dc.subject.stwRegionale Entwicklungen_US
dc.titleDisparities in prices and income across German NUTS 3 regionsen_US
dc.typeWorking Paperen_US
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