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dc.contributor.authorCheung, Yin-Wongen
dc.contributor.authorFujii, Eijien
dc.date.accessioned2012-10-18-
dc.date.accessioned2012-10-19T15:42:54Z-
dc.date.available2012-10-19T15:42:54Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/65400-
dc.description.abstractTo control for product quality and eliminate the exchange rate volatility effect, we use the Japanese regional data to study the Penn effect - the positive relationship between price and income levels. Similarly to what is widely documented with international data, the price and income levels exhibit significant positive association across the Japanese prefectures. Furthermore, the intra-Japan Penn effect is driven essentially by prices of nontradables. The effect is also found stronger among rich prefectures than poor ones, as is the case with the international data. In explaining the Penn effect within Japan, we find that the measures of sectoral productivity do not behave in the way suggested by the Balassa-Samuelson hypothesis. On the other hand, the population density variable that captures the agglomeration effect offers a good explanatory power.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3955en
dc.subject.jelF31en
dc.subject.jelF34en
dc.subject.jelF36en
dc.subject.ddc330en
dc.subject.keywordagglomeration effecten
dc.subject.keywordPenn effecten
dc.subject.keywordsectoral productivity differentialen
dc.subject.keywordtradables and non-tradablesen
dc.subject.keywordpopulation densityen
dc.subject.stwPreisniveauen
dc.subject.stwRegionale Einkommensverteilungen
dc.subject.stwBalassa-Samuelson Effekten
dc.subject.stwAgglomerationseffekten
dc.subject.stwBrancheen
dc.subject.stwProduktivitäten
dc.subject.stwJapanen
dc.titleThe Penn effect within a country: Evidence from Japan-
dc.typeWorking Paperen
dc.identifier.ppn727864084en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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