Do capital importing countries pay higher prices for their imports of goods? |
| |
| Institution: | 1. PhD Candidate, Department of Civil and Resource Engineering, Dalhousie University, Halifax, NS, B3H 4R2, Canada;2. Associate Professor, School of Planning, Department of Civil & Resource Engineering, Dalhousie University, Halifax, NS, B3H 4R2, Canada;1. Department of Rheumatology, Zhongshan Hospital, Fudan University, Shanghai, China;2. Department of Radiology, Zhongshan Hospital, Fudan University, Shanghai, China;3. Center of Clinical Epidemiology and Evidence-based Medicine, Fudan University, Shanghai, China;1. The Xinjiang Clinical Medical College, An Hui Medical University, China;2. Department of Neurology, The Xinjiang Uygur Autonomous Region People''s Hospital, China |
| |
| Abstract: | We examine the effects that a country's net capital flows have on the (border) prices that a country pays for its imports of goods. Using data from 2000 to 2009 for 11 euro area countries we utilize a pricing-to-market specification to study exporters' pricing behavior to the rest of the countries in the sample, at the industry level, for 900 goods disseminated at the 4-digit Standard International Trade Classification level. This allows us to construct a panel dataset which contains observations across exporters, importers, industries and time. We find a strong positive influence of the importing country's net capital inflows on the border prices of its imports of goods. This result is robust across different specifications of the underlying model, as well to different sample dis-aggregations across types of capital flows, product categories, and exporters. |
| |
| Keywords: | Capital flows Import prices Pricing to market Globalization Euro area F32 F34 F36 |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
