The Behavior of Nontradable Goods Prices in Europe : Evidence and Interpretation

Evidence and Interpretation

The Behavior of Nontradable Goods Prices in Europe : Evidence and Interpretation
This paper examines the evolution of the relative price between tradable and nontradable goods in a group of European countries. A model of an open economy is used to analyze different factors that can account for an increase in the relative price of nontradable goods. These factors are: (a) faster technological progress in the tradable goods... READ MORE...

Publication date: May 1993
ISBN 9781451974263
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