Title: A Proposal of Exploratory Analysis of Price Disparity in EU28
Publisher: Publications Office of the European Union
Publication Year: 2016
JRC N°: JRC103725
ISBN: 978-92-79-63776-6
ISSN: 1831-9424
Other Identifiers: EUR 28229 EN
OP LB-NA-28229-EN-N
URI: http://publications.jrc.ec.europa.eu/repository/handle/JRC103725
DOI: 10.2788/776140
Type: EUR - Scientific and Technical Research Reports
Abstract: This document presents several alternatives for an exploratory analysis of price convergence (and disparity) within the EU28. Both cross-sectional (across countries) and dynamic (over time) analyses of the evolution of price levels have been undertaken. The results show that prices are still very different across member states, particularly in services where prices are closely linked to rates of income. Over time, prices levels have increased in the majority of EU28 countries; however the differences between prices across countries appear to have decreased. The observed price convergence has however been relatively small, and prices seem to have converged towards a higher average. Faster convergence in price levels is observed within EU13 and Eurozone countries. Overall, the analysis shows that conclusions regarding convergence/divergence of prices in EU28 are to a great extent dependent on and sensitive to the empirical data and methodological framework chosen, in particular when analysing data from a dynamic perspective.
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