Replication data for: International Prices, Costs, and Markup Differences
Principal Investigator(s): View help for Principal Investigator(s) Gita Gopinath; Pierre-Olivier Gourinchas; Chang-Tai Hsieh; Nicholas Li
Version: View help for Version V1
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Project Citation:
Gopinath, Gita, Gourinchas, Pierre-Olivier, Hsieh, Chang-Tai, and Li, Nicholas. Replication data for: International Prices, Costs, and Markup Differences. Nashville, TN: American Economic Association [publisher], 2011. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112460V1
Project Description
Summary:
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Relative cross-border retail prices, in a common currency, comove closely with the nominal exchange rate. Using product-level prices and wholesale costs from a grocery chain operating in the United States and Canada, we decompose this variation into relative costs and markup components. The high correlation of nominal and real exchange rates is driven mainly by changes in relative costs. National borders segment markets. Retail prices respond to changes in costs in neighboring stores within the same country but not across the border. Prices have a median discontinuous change of 24 percent at the border and 0 percent at state boundaries. (JEL F31, L11, L81)
Scope of Project
JEL Classification:
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F31 Foreign Exchange
L11 Production, Pricing, and Market Structure; Size Distribution of Firms
L81 Retail and Wholesale Trade; e-Commerce
F31 Foreign Exchange
L11 Production, Pricing, and Market Structure; Size Distribution of Firms
L81 Retail and Wholesale Trade; e-Commerce
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