Inter-Region Relative Price Convergence in Korea
This paper examines the persistence of relative consumer price indices for 15 regions in Korea including 6 metropolitan cities and 9 provinces over the period of 1990-2016. In particular, we ask if relative regional price indices contain a common stochastic trend and find that they are not. We then...
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| Format: | Article |
| Language: | English |
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Korea Institute for International Economic Policy
2017-06-01
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| Series: | East Asian Economic Review |
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| Online Access: | http://dx.doi.org/10.11644/KIEP.EAER.2017.21.2.326 |