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Regional inflation dynamics using space-time models

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dc.affiliation.dptoUC3M. Departamento de Estadísticaes
dc.contributor.authorMarques, Helena
dc.contributor.authorPino, Gabriel
dc.contributor.authorTena Horrillo, Juan de Dios
dc.date.accessioned2016-08-30T14:14:11Z
dc.date.available2016-08-30T14:14:11Z
dc.date.issued2014-11-01
dc.description.abstractThis article provides empirical evidence of the role of spatial factors on the determination of inflation dynamics for a representative set of tradable commodities in Chile. We present a simple model that explains inflation divergence across regions in a monetary union with similar preferences as a consequence of the geographical allocation of producers in the different regions. Our results indicate that spatial allocation together with transport costs are important determinants of regional inflation, while macroeconomic common factors do not play an important role in this process. Existing literature had obtained the opposite result for Europe, and the reasons for this difference warrant further investigation. Moreover, we find that geographical distance seems to be a more appropriate measure of neighbourhood than the adjacency of regions. Our results are robust to different specifications, regression methods and product groupings.en
dc.format.mimetypeapplication/pdf
dc.identifier.bibliographicCitationMarques, H., Pino, G. y Tena Horrillo, J. D. (2014). Regional inflation dynamics using space-time models. Empirical Economics, v. 47, n. 3, pp. 1147-1172en
dc.identifier.doihttp://dx.doi.org/10.1007/s00181-013-0763-9
dc.identifier.issn0377-7332
dc.identifier.publicationfirstpage1147
dc.identifier.publicationissue3
dc.identifier.publicationlastpage1172
dc.identifier.publicationtitleEmpirical Economicsen
dc.identifier.publicationvolume47
dc.identifier.urihttps://hdl.handle.net/10016/23496
dc.identifier.uxxiAR/0000014588
dc.language.isoengen
dc.publisherSpringeren
dc.relation.publisherversionhttp://dx.doi.org/10.1007/s00181-013-0763-9
dc.rights© Springeren
dc.rights.accessRightsopen accessen
dc.subject.jelE31
dc.subject.jelE52
dc.subject.jelE58
dc.subject.jelR11
dc.subject.jelC23
dc.subject.jelC21
dc.subject.otherRegional inflation dynamicsen
dc.subject.otherSpace-time modelsen
dc.subject.otherCommon factorsen
dc.subject.otherChileen
dc.titleRegional inflation dynamics using space-time modelsen
dc.typeresearch article*
dc.type.hasVersionAM*
dspace.entity.typePublication
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