Book/Printed Material Productivity, tradability, and the long-run price puzzle

Title

• Productivity, tradability, and the long-run price puzzle

Summary

• "Long-run cross-country price data exhibit a puzzle. Today, richer countries exhibit higher price levels than poorer countries, a stylized fact usually attributed to the Balassa- Samuelson' effect. But looking back fifty years, or more, this effect virtually disappears from the data. What is often assumed to be a universal property is actually quite specific to recent times. What might explain this historical pattern? We adopt a framework where goods are differentiated by tradability and productivity. A model with monopolistic competition, a continuum-of-goods, and endogenous tradability allows for theory and history to be consistent for a wide range of underlying productivity shocks"--National Bureau of Economic Research web site.

Names

• Bergin, Paul R.
• Glick, Reuven
• National Bureau of Economic Research

Created / Published

• Cambridge, MA : National Bureau of Economic Research, c2004.

Headings

• -  Industrial productivity--Case studies
• -  Prices--Case studies

Notes

• -  Title from PDF file as viewed on 1/26/2005.
• -  Includes bibliographical references.
• -  Also available in print.
• -  Mode of access: World Wide Web.
• -  System requirements: Adobe Acrobat Reader.

Call Number/Physical Location

• HB1

Digital Id

• https://hdl.loc.gov/loc.gdc/gdcebookspublic.2005616287
• http://papers.nber.org/papers/w10569 External

Library of Congress Control Number

• 2005616287

Access Advisory

• Unrestricted online access

Online Format

• image
• pdf

LCCN Permalink

• https://lccn.loc.gov/2005616287

Additional Metadata Formats

• MARCXML Record
• MODS Record
• Dublin Core Record