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Relative Prices, Capital Movements, and Sectoral Technical Change: Theory and an Empirical Test

  • John S. Chipman
Part of the International Economic Association Series book series (IEA)

Abstract

This paper constitutes an initial attempt to sort out and assess, within a neo-classical general-equilibrium framework, the relative and absolute importance of three separate potential influences on domestic sectoral-prices within a country: (1) external prices, (2) capital movements, and (3) technological change. Monthly data for West Germany and Sweden are used, since these are among the few countries for which price-index series exist for imports and exports, classified consistently with the price-index series for commodities sold on the domestic market.2

Keywords

Price Index Technical Change Relative Prex House Rent Current Account Deficit 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© International Economic Association 1985

Authors and Affiliations

  • John S. Chipman
    • 1
  1. 1.University of MinnesotaUSA

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