European Product Market Integration after the Euro
European Product Market Integration after the Euro
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欧元后的欧洲产品市场一体化
DOI：
10.1111/j.1468-0327.2004.00126.x
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发表时间：
2004
期刊：
影响因子：
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通讯作者：
J. Rogers
中科院分区：
文献类型：
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作者：
C. Engel;J. Rogers
type=“main”xml：lang=“en”>我们使用1990年至2003年春季欧洲各城市消费品价格的详细数据集，调查1999年1月欧元的引入是否增加了消费者价格所反映的消费市场一体化。事实上，我们没有发现价格在1999年1月之后趋于一致。即使我们控制了许多可能影响价格分散的因素，这一发现也仍然成立。另一方面，我们发现，在整个1990年代的10年中，价格离散度显著降低，这表明在1990年代初开始的减少经济壁垒的努力实际上可能具有显著提高消费者市场一体化的效果。- Charles Engel和John H.罗杰斯
type="main" xml:lang="en"> Using a detailed data set of prices of consumer goods in European cities from 1990 to Spring 2003, we investigate the question of whether the introduction of the euro in January 1999 increased integration of consumer markets as reflected by consumer prices. In fact, we find no tendency for prices to converge after January 1999. This finding holds even when we control for a number of factors that might affect price dispersion. On the other hand, we find that there has been a significant reduction in price dispersion throughout the decade of the 1990s, suggesting that efforts to reduce economic barriers initiated early in the decade may have in fact had the effect of significantly increasing the integration of consumer markets. — Charles Engel and John H. Rogers