Wyniki wyszukiwania dla: PRICE CONVERGENCE - MOST Wiedzy

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Wyniki wyszukiwania dla: PRICE CONVERGENCE

Wyniki wyszukiwania dla: PRICE CONVERGENCE

  • Price convergence in the EU-an aggregate and disaggregate approach

    This article examines the price dispersion in the European Union (EU) over 15 years (1990-2005). An extensive overview of the literature offers inconclusive results with the half-lives of price shocks from 2.8 to 282 months. Until now, most of the empirical research has been either micro or macro based. In contrast, we conducted a complex analysis utilizing both aggregate and disaggregate price data. The macro approach is based...

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  • The impact of European Monetary Union on Price Convergence.

    Publikacja

    Artykuł dotyczy skutków wprowadzenia wspólnej waluty euro. Bada zarówno skutki krótkookresowe tj. odczucia co do podwyżek cen przez konsumentów i inflację w okresie przejścia na jedna walutę, jak i skutki długookresowe związane z redukcją kosztów tranzakcyjnych, eliminacją ryzyka kursowego i większą przejrzystością cen.

  • Price convergence in the European Union and in the new member states

    Publikacja

    - Bank i Kredyt - Rok 2009

    This paper examines price dispersion in the European Union (EU15) and in three New Member States (Poland, Hungary and the Czech Republic) between 1995 and 2006. The analysis utilizes both disaggregate and aggregate price data, including the prices of 157 products and two indices constructed using two different weighting procedures. For each category of goods the price dispersion is lower in EU15 than EU15 plus 3 NMS. Sigma convergence...

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  • Does one currency mean one price? An analysis of the euro effect on price dispersion and convergence

    This paper examines price differentials in the European Union to investigate whether the European Monetary Union has lowered the degree of price dispersion in the euro zone and increased the speed of price convergence. Both euro effects are evaluated using difference-in-difference methodology. Applied to the issue of introducing a single currency, the euro effects identified are the estimated differences in price dispersion and...

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  • IS THE REGIONAL DIVERGENCE A PRICE FOR THE INTERNATIONAL CONVERGENCE? THE CASE OF THE VISEGRAD GROUP

    The main goal of this article is to verify whether the Visegrad Group countries are achieving social convergence at national level at the expense of internal divergence. For this purpose, the existence of social beta-, sigma- and gamma-convergence at national and regional level was tested. The author of this article decided to tackle the convergence problem since there is a high risk that countries are trying to catch up at...

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  • One Europe, one product, two prices - the price disparity in the EU

    Publikacja

    The price dispersion in the European Union in the last fifteen years (1990-2005) is analysed. The analysis of price convergence is examined on aggregate and disaggregate levels. The macro approach is based on Comparative Price Level index calculated as the ratio between PPPs and exchange rate. The disaggregate analysis utilizesactual prices of 148 individual products sold in the 15 capital cities of the EU. The calculations comprise...

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  • 20+ years of Polish residential real estate prices – a house price index proxy

    Publikacja

    Information on house prices is often considered crucial when assessing developments in economy. However, in Poland for the long time house prices haven’t been tracked in an organized manner. Recent developments, most notably house price indices developed by Poland’s national bank and by the statistical office do not go back more than 10 years, therefore data series are relatively short compared to those of other macroeconomic data. In...

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  • Journal of Physics : Conference Series

    Czasopisma

    ISSN: 1742-6588 , eISSN: 1742-6596

  • AIP Conference Proceedings

    Czasopisma

    ISSN: 0094-243X , eISSN: 1551-7616

  • Price Diversification

    Publikacja

    The price diversification is a complex phenomenon. We show that price discrimination can have both positive and negative effects. The final result depends whether it makes competition more intense. As far as legal procedure is cocerned it is recommended to focus on the effects of compan's actions rather than on the form that these actions may take. There is a need to understand and distinguish between price discrimination as the...

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  • IOP Conference Series: Materials Science and Engineering

    Czasopisma

    ISSN: 1757-8981

  • Convergence or divergence in the European Union

    Publikacja

    The disparities in economic prosperity revealed both from inter-country and inter-region perspective are one of the main problem in the modern economy. They consist of the dispersion in the real values such as incomes, GDP or productivity, but also nominal values such as prices and costs. The European Union is aware of this problem hence the role of the regional and structural policy aiming enhancing the cohesion between member...

  • Equilibrium price - modelling, forecast and application

    Nowoczesną gospodarkę charakteryzuje wzrastające znaczenie cen. Znajomość ogólnych zasad mechanizmu kształtującego ceny oraz analizy cen umożliwiają przedsiębiorstwom przewidzenie ceny równowagi i podjęcie przynoszącej zyski decyzji, zwłaszcza na rynku oligopolu homogenicznego, gdzie przedsiębiorcy muszą brać pod uwagę reakcję konkurencji. Przedstawiony w artykule, dynamiczny model ekonometryczny cen benzyny, na rynku paliw płynnych...

  • Nano Convergence

    Czasopisma

    ISSN: 2196-5404

  • PRACE NAUKOWE UNIWERSYTETU EKONOMICZNEGO WE WROCŁAWIU

    Czasopisma

    ISSN: 1899-3192 , eISSN: 2392-0041

  • Convergence to equilibrium under a random Hamiltonian

    Publikacja
    • F. G. Brandao
    • P. Ćwikliński
    • M. Horodecki
    • P. Horodecki
    • J. Korbicz
    • M. Mozrzymas

    - PHYSICAL REVIEW E - Rok 2012

    We analyze equilibration times of subsystems of a larger system under a random total Hamiltonian, in which the basis of the Hamiltonian is drawn from the Haar measure. We obtain that the time of equilibration is of the order of the inverse of the arithmetic average of the Bohr frequencies. To compute the average over a random basis, we compute the inverse of a matrix of overlaps of operators which permute four systems. We first...

  • Does one currency mean one price?

    Publikacja

    European Monetary Union was expected to have many consequences for the economies of participant countries. Theory suggested that through a higher volume of trade and stronger competition in the Eurozone, a single currency would lead to a reduction in price dispersion. As far as prices are concerned, two effects were expected: an immediate effect due to the technical characteristics of the changeover process, and a long-term one...

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  • Does low price mean high competitiveness

    Publikacja

    We found a strong positive relationship between Comparative Price Level Index (CPL) and Growth Competitiveness Index (GCI). We do realize that the relation we have found does not have to indicate cause and effects relationship. Competitiveness is a process which goes far beyond price level but it is detemined by lots of different elemnts. We show the GCI composition that provides a concept explaining what exactly determines competitiveness...

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  • Price Changes in Wholesale Market of Electrical Energy in Poland

    The article discusses the Price changes on the wholesale electricity market in Poland Moreover, The price levels on the futures electricity markets and the spot transactions market are presented. The impact of emission charges under the EU ETS on the price of electricity in the domestic market has been taken into consideration Furthermore, the basic determinants of the generation structure in Poland that influence the level of...

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  • The use of Markov chains in the social convergence analysis

    Publikacja

    - Rok 2015

    The main goal of this article is to analyze the social convergence process using Markov chains. In this research, term social convergence refers to the reduction of dispersion in the standard of living among countries. The use of Markov chains in the social convergence analysis allowed describing movements of observational units within the distribution and providing more details about the mechanism of the convergence process. A...

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