Price levels convergence of consumer expenditures in the European Union

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F06%3A00098226" target="_blank" >RIV/62156489:43110/06:00098226 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

čeština

Original language name

Price levels convergence of consumer expenditures in the European Union

Original language description

The convergence of price levels is one of the important aspects of a real convergence and is often viewed as a criterion for the evaluation of preparedness. The convergence process of comparative price levels can run either through the exchange rate channel and/or that of nominal prices. The paper is focused on the assessment of comparative price levels and the rate of their convergence in the enlarged European Union within the period of 1999-2003. With the exception of Cyprus, the price levels in new EU member countries were significantly lower. The greatest differences from the price level of EU countries existed in Poland, Slovakia and Baltic countries. The new member countries differ also in the rate of convergence. When combining their initial position and the rate of convergence, it can be concluded that all countries will be able to reach 80% of the comparative price level of the European Union till the year 2010. In Poland the development is very unfavourable because its price

Czech name

Price levels convergence of consumer expenditures in the European Union

Czech description

The convergence of price levels is one of the important aspects of a real convergence and is often viewed as a criterion for the evaluation of preparedness. The convergence process of comparative price levels can run either through the exchange rate channel and/or that of nominal prices. The paper is focused on the assessment of comparative price levels and the rate of their convergence in the enlarged European Union within the period of 1999-2003. With the exception of Cyprus, the price levels in new EU member countries were significantly lower. The greatest differences from the price level of EU countries existed in Poland, Slovakia and Baltic countries. The new member countries differ also in the rate of convergence. When combining their initial position and the rate of convergence, it can be concluded that all countries will be able to reach 80% of the comparative price level of the European Union till the year 2010. In Poland the development is very unfavourable because its price

Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

<a href="/en/project/GA402%2F04%2F2112" target="_blank" >GA402/04/2112: Changes of behavior of business domain evoked by economic transformation and new consumer trends</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2006

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Agricultural Economics

ISSN

0139-570X

e-ISSN

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Volume of the periodical

52

Issue of the periodical within the volume

5

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

8

Pages from-to

197-204

UT code for WoS article

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EID of the result in the Scopus database

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