Is globalisation operating to reduce inflation : evidence from six OECD countries : a thesis submitted in partial fulfilment of the requirements from the Master of Business Studies (Economics) at Massey University, Albany Campus

Cai, Menghan

Is globalisation operating to reduce inflation : evidence from six OECD countries : a thesis submitted in partial fulfilment of the requirements from the Master of Business Studies (Economics) at Massey University, Albany Campus

dc.contributor.author	Cai, Menghan
dc.date.accessioned	2009-07-14T01:51:09Z
dc.date.available	NO_RESTRICTION	en_US
dc.date.available	2009-07-14T01:51:09Z
dc.date.issued	2008
dc.description.abstract	This paper relates openness to the decline in inflation by using panel data for six OECD (the USA, Japan, Canada, Portugal, Finland, and Australia) countries over the period from 1980 to 2006. I obtain industrial level data for twenty industries in each of the six countries in the timeframe and estimate the effects of increases in openness, through its effect on productivity and markups on inflation. The methods used to construct the variables in this paper follow methods introduced in Chen, Imbs and Scott (2004), and the estimations follow Chen, Imbs and Scott (2007). The results suggest openness reduces the rate of inflation in the short run. Furthermore, it also reduces short run productivity and markups. The long run results are ambiguous, however. The evidence that openness leads to anti-competitive effects in the long run is weak. JEL Classification: E31, F12, F14, F15, L16 Keywords: Openness, Prices, Productivity, Markups	en_US
dc.identifier.uri	http://hdl.handle.net/10179/917
dc.language.iso	en	en_US
dc.publisher	Massey University	en_US
dc.rights	The Author	en_US
dc.subject	Globalisation	en_US
dc.subject	Inflation	en_US
dc.subject	Openness	en_US
dc.subject	Prices	en_US
dc.subject	Productivity	en_US
dc.subject	Markups	en_US
dc.subject	Economics	en_US
dc.subject.other	Fields of Research::340000 Economics::340200 Applied Economics::340208 Macroeconomics (incl. monetary and fiscal theory)	en_US
dc.title	Is globalisation operating to reduce inflation : evidence from six OECD countries : a thesis submitted in partial fulfilment of the requirements from the Master of Business Studies (Economics) at Massey University, Albany Campus	en_US
dc.type	Thesis	en_US
massey.contributor.author	Cai, Menghan
thesis.degree.discipline	Economics	en_US
thesis.degree.grantor	Massey University	en_US
thesis.degree.level	Masters	en_US
thesis.degree.name	Master of Business Studies (M.B.S)	en_US