The importance of trade costs in deviations from the law-of-one-price: estimates based on the direction of trade

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dc.authorid0000-0002-3607-8788
dc.authorid0000-0002-2308-1881
dc.contributor.authorİnanç Tunçer, Özlemen_US
dc.contributor.authorZachariadis, Mariosen_US
dc.date.accessioned2015-01-15T23:02:04Z
dc.date.available2015-01-15T23:02:04Z
dc.date.issued2012-07
dc.departmentIşık Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Ekonomi (İktisat) Bölümüen_US
dc.departmentIşık University, Faculty of Economics and Administrative Sciences, Department of Economicsen_US
dc.description.abstractThe full impact of trade costs in segmenting product markets cannot be captured by considering aggregate prices or in the absence of information on the direction of trade. We address this problem by utilizing product-specific prices, cross-sectional productivity indices, and bilateral trade flows, allowing us to identify the probable source of any one product. We show that trade costs in the form of transportation and distribution costs are important in determining international price differences and segmenting international markets. Physical distance relative to the origin has a precisely estimated positive impact on international deviations from the Law-of-One-Price that is larger than estimates that do not account for the origin of each product. Based on our benchmark estimates, the price elasticity of distance was around 10% in 1990.en_US
dc.description.versionPublisher's Versionen_US
dc.identifier.citationİnanç Tunçer, Ö. & Zachariadis, M. (2012). The importance of trade costs in deviations from the law-of-one-price: Estimates based on the direction of trade. Economic Inquiry, 50(3), 667-689. doi:10.1111/j.1465-7295.2010.00339.xen_US
dc.identifier.doi10.1111/j.1465-7295.2010.00339.x
dc.identifier.endpage689
dc.identifier.issn0095-2583
dc.identifier.issue3
dc.identifier.scopus2-s2.0-84863552213
dc.identifier.scopusqualityQ1
dc.identifier.startpage667
dc.identifier.urihttps://hdl.handle.net/11729/441
dc.identifier.urihttp://dx.doi.org/10.1111/j.1465-7295.2010.00339.x
dc.identifier.volume50
dc.identifier.wosWOS:000305997900007
dc.identifier.wosqualityQ2
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakSocial Sciences Citation Index (SSCI)en_US
dc.institutionauthorİnanç Tunçer, Özlemen_US
dc.institutionauthorid0000-0002-3607-8788
dc.language.isoenen_US
dc.peerreviewedYesen_US
dc.publicationstatusPublisheden_US
dc.publisherWiley-Blackwellen_US
dc.relation.ispartofEconomic Inquiryen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectInternational-Tradeen_US
dc.subjectTo-Marketen_US
dc.subjectExchange ratesen_US
dc.subjectPurchasing power parityen_US
dc.subjectNominal exchangeen_US
dc.titleThe importance of trade costs in deviations from the law-of-one-price: estimates based on the direction of tradeen_US
dc.typeArticleen_US
dspace.entity.typePublication

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