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.authorCai, Menghan
dc.date.accessioned2009-07-14T01:51:09Z
dc.date.availableNO_RESTRICTIONen_US
dc.date.available2009-07-14T01:51:09Z
dc.date.issued2008
dc.description.abstractThis 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, Markupsen_US
dc.identifier.urihttp://hdl.handle.net/10179/917
dc.language.isoenen_US
dc.publisherMassey Universityen_US
dc.rightsThe Authoren_US
dc.subjectGlobalisationen_US
dc.subjectInflationen_US
dc.subjectOpennessen_US
dc.subjectPricesen_US
dc.subjectProductivityen_US
dc.subjectMarkupsen_US
dc.subjectEconomicsen_US
dc.subject.otherFields of Research::340000 Economics::340200 Applied Economics::340208 Macroeconomics (incl. monetary and fiscal theory)en_US
dc.titleIs 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 Campusen_US
dc.typeThesisen_US
massey.contributor.authorCai, Menghan
thesis.degree.disciplineEconomicsen_US
thesis.degree.grantorMassey Universityen_US
thesis.degree.levelMastersen_US
thesis.degree.nameMaster of Business Studies (M.B.S)en_US
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