Price convergence in the European car market

Journal article | Zeitschriftenartikel

This paper examines price convergence in the European Union car market over the period 1995-2005. We find that there is a clear evidence of price convergence among the EU15 countries, but not before 1999. Moreover, countries of the Economic and Monetary Union (EMU) started convergence previously to the EU15 as a whole. Finally, exchange rate changes have significantly contributed to price dispersion over time across countries. The results provide significant evidence that trade liberalization and the EMU have enhanced the process of regional integration in the European automobile industry, even though there is room for further measures to promote integration.

Object Details

• Extent: Seite(n): 241-250
• Language: Englisch
• Notes: Status: Postprint; begutachtet (peer reviewed)

References and Relationships

• Bibliographic citation: Applied Economics, 40(2)

Classification and Topics

• Subject: Wirtschaft ; Volkswirtschaftslehre ; Wirtschaftssektoren ; Euro

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Gil-Pareja, Salvador Antonio ; Sosvilla-Rivero, Simón
• Event: Veröffentlichung
• (where): Vereinigte Staaten von Amerika
• (when): 2008

Further information

• DOI: https://doi.org/10.1080/00036840600749847
• URN: urn:nbn:de:0168-ssoar-240524
• Rights: GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
• Last update: 21.06.2024, 4:27 PM CEST