Cross-Border Price Differentials and Goods Market Integration in East Asia

34 Pages Posted: 29 Jun 2013

See all articles by Woosik Moon

Woosik Moon

Seoul National University - Graduate School of International Studies

Date Written: June 27, 2013

Abstract

As cross-border movements of goods, capital, and labor are intensifying, it is likely that goods markets in East Asia will become increasingly integrated. This study investigates the current state of goods market integration in East Asia by measuring the extent of cross-border price differentials. Specifically, this study shows that compared with the European Union, East Asian markets are neither sufficiently integrated nor are they showing any price convergence over time.

Keywords: market integration, east asia, cross-border price differentials, price convergence, regionalization, exchange rate fluctuation, income gap

JEL Classification: F15, F36

Suggested Citation

Moon, Woosik, Cross-Border Price Differentials and Goods Market Integration in East Asia (June 27, 2013). ADBI Working Paper 426, Available at SSRN: https://ssrn.com/abstract=2286479 or http://dx.doi.org/10.2139/ssrn.2286479

Woosik Moon (Contact Author)

Seoul National University - Graduate School of International Studies ( email )

Seoul
Korea, Republic of (South Korea)

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