RT Journal Article
T1 Convergence in car prices among European countries
A1 Sosvilla-Rivero, Simón
A1 Gil Pareja, Salvador
AB This article contributes to the literature on price convergence in Europe by investigating the existence of stochastic and deterministic convergence of car prices in the EU15 countries. We apply recently developed econometric techniques that allow for multiple structural breaks to an up-to-date dataset. We find considerable evidence of both types of convergence in our sample of countries and car models, therefore suggesting a tendency for relative prices to equalize over time. In addition, we find evidence regarding the importance in this convergence process of both legislative changes taking place in the years 1996 and 2002, and the implementation of Economic and Monetary Union (EMU).
PB Taylor & Francis
SN 1466–4283
YR 2012
FD 2012
LK https://hdl.handle.net/20.500.14352/42998
UL https://hdl.handle.net/20.500.14352/42998
LA eng
NO Ministerio de Ciencia e Innovación (MICINN)
NO Ministerio de Ciencia e Innovación (MICINN)/FEDER
NO Generalitat Valenciana
DS Docta Complutense
RD 1 may 2024