Journalartikel
Autorenliste: Fedoseeva, Svetlana; Werner, Laura M.
Jahr der Veröffentlichung: 2016
Seiten: 1065-1090
Zeitschrift: Empirical Economics
Bandnummer: 50
Heftnummer: 3
ISSN: 0377-7332
eISSN: 1435-8921
DOI Link: https://doi.org/10.1007/s00181-015-0957-4
Verlag: Springer
Abstract:
Pricing decisions of exporters who are facing imperfect competition in their destination markets might depend on exchange rate changes. While empirical literature often assumes that the impact of the exchange rate on the exporters' prices is linear and the markup adjustment does not depend on magnitude or direction of the exchange rate change (or allows for short-run asymmetries only), we question this statement and test for the long-run hysteresis and asymmetry of pricing-to-market (PTM). Using the German export beer market as an example, we show that both types of nonlinearities play an important role in PTM decisions.
Zitierstile
Harvard-Zitierstil: Fedoseeva, S. and Werner, L. (2016) How linear is pricing-to-market? Empirical assessment of hysteresis and asymmetry of PTM, Empirical Economics, 50(3), pp. 1065-1090. https://doi.org/10.1007/s00181-015-0957-4
APA-Zitierstil: Fedoseeva, S., & Werner, L. (2016). How linear is pricing-to-market? Empirical assessment of hysteresis and asymmetry of PTM. Empirical Economics. 50(3), 1065-1090. https://doi.org/10.1007/s00181-015-0957-4
Schlagwörter
Beer exports; COSTS; EXCHANGE-RATE; Exports; HYSTERESIS; NARDL; Pricing-to-market; RATE PASS-THROUGH; TRADE
