英国制成品出口价格的行为:1970-1983

The behaviour of U.K. export prices of manufactured goods 1970–1983

Journal of Applied Econometrics · 1986
被引 9
人大 AABS 3

中文导读

研究预期对英国出口价格的影响,发现出口价格取决于对国内单位成本和外国价格的预期,并拒绝了一价定律,支持出口市场不完全竞争。

Abstract

Abstract This paper examines the importance of expectations in the determination of U.K. export prices. Export prices are found to depend upon expectations of total domestic unit costs and foreign prices. The non‐linear restrictions implied by the forward‐looking model are found to hold and it performs adequately relative to a backward‐looking error feedback model. The law of one price is rejected and the evidence is consistent with imperfect competition in export markets.

英国出口价格预期单位成本不完全竞争