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Do prices converge among Indonesian cities? an empirical analysis

Bhuhsan Praveen Jangam; Akram, Vaseem (Bank Indonesia Insitute, 2019)

 Abstrak

ABSTRAK
We investigate consumer price convergence for 82 Indonesian cities using monthly
data from 2014 to 2019. To do so, we employ recent techniques of club convergence
and weak sigma convergence. The results reveal, first, consumer price divergence,
implying price rigidities across the cities. Second, we find four clubs, suggesting that
Indonesian cities converge along four unique transition paths. Third, we find weak
evidence of consumer price convergence, suggesting that prices among Indonesian
cities adjust, but not freely. Policy should therefore consider unique convergence paths
for each club to promote stronger consumer price convergence.

 Metadata

No. Panggil : 332 BEMP 22:3 (2019)
Entri utama-Nama orang :
Entri tambahan-Nama orang :
Subjek :
Penerbitan : Jakarta: Bank Indonesia Insitute, 2019
Sumber Pengatalogan : LibUI eng rda
ISSN : 14108046
Majalah/Jurnal : Bulletin of Monetary Economics and Banking
Volume : Vol. 22, No. 1, 2019: Hal.239-262
Tipe Konten : text
Tipe Media : unmediated
Tipe Carrier : volume
Akses Elektronik :
Institusi Pemilik : Universitas Indonesia
Lokasi : Perpustakaan UI, lantai 4, R. Koleksi Jurnal
  • Ketersediaan
  • Ulasan
No. Panggil No. Barkod Ketersediaan
332 BEMP 22:3 (2019) 03-20-961049253 TERSEDIA
Ulasan:
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