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dc.contributor.authorDreger, Christianen
dc.contributor.authorKosfeld, Reinholden
dc.date.accessioned2008-01-30-
dc.date.accessioned2009-08-06T13:19:33Z-
dc.date.available2009-08-06T13:19:33Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x754en
dc.subject.jelE31en
dc.subject.jelR10en
dc.subject.jelC33en
dc.subject.ddc330en
dc.subject.keywordRegional price differentialsen
dc.subject.keywordprice convergenceen
dc.subject.keywordpanel unit rootsen
dc.subject.stwRegionale Preisstrukturen
dc.subject.stwLebenshaltungsindexen
dc.subject.stwInflationskonvergenzen
dc.subject.stwDeutschlanden
dc.subject.stwNeue Bundesländeren
dc.subject.stwAlte Bundesländeren
dc.titleDo regional price levels converge? Paneleconometric evidence based on German districts-
dc.type|aWorking Paperen
dc.identifier.ppn557542251en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp754en

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