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dc.creatorChristou, C. (Christina)-
dc.creatorCuñado, J. (Juncal)-
dc.creatorGupta, R. (Rangan)-
dc.date.accessioned2022-02-07T12:08:40Z-
dc.date.available2022-02-07T12:08:40Z-
dc.date.issued2019-
dc.identifier.citationChristou, C. (Christina); Cuñado, J. (Juncal); Gupta, R. (Rangan). "Price convergence patterns across U.S. States". Panoeconomicus. 66 (2), 2019, 187 - 201es_ES
dc.identifier.issn1452-595X-
dc.identifier.urihttps://hdl.handle.net/10171/62887-
dc.description.abstractThis study examines the convergence patterns of prices across 50 U.S. states over the period 1960-2007, by applying the convergence algorithm developed by Peter C. B. Phillips and Donggyu Sul (2007). The empirical findings suggest the rejection of full convergence across the 50 U.S. states’ prices, and the presence of 11 subgroups, or convergence clubs. The main implications of this paper point to the low degree of market integration across the U.S. states, the limitations of using a unique national price deflator to calculate real U.S. state variables, and the different effects that national monetary policy decisions will have on U.S. state prices.es_ES
dc.description.sponsorshipJuncal Cuñado gratefully acknowledges financial support from the Ministerio de Economía y Competitividad (ECO2014-55496).es_ES
dc.language.isoenges_ES
dc.publisherNational Library of Serbiaes_ES
dc.rightsinfo:eu-repo/semantics/openAccesses_ES
dc.subjectPrice convergencees_ES
dc.subjectClub convergencees_ES
dc.subjectU.S. stateses_ES
dc.titlePrice convergence patterns across U.S. Stateses_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.identifier.doi10.2298/pan160625008c-
dadun.citation.endingPage201es_ES
dadun.citation.number2es_ES
dadun.citation.publicationNamePanoeconomicuses_ES
dadun.citation.startingPage187es_ES
dadun.citation.volume66es_ES

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