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Tradable and non-tradable prices in the UK and EC: measurement and explanation [PDF]
, 1993 A market divergence in inflation rates between the tradables and non-tradables sectors has been a feature of some EC economies, especially those of Italy, Spain and the UK, since the early 1980s. Sectoral productivity differences, international competitive pressures - perhaps linked to ERM membership, and government demand for non tradables are ...
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The role of social and physical infrastructure spending in tradable and non-tradable growth
2019This study investigates the impact of social and physical infrastructure spending on the non-oil tradable and non-tradable sectors while controlling for non-oil capital stock and employment in the Azerbaijani economy for the period 1995-2014. The analysis employs the Engle-Granger and Phillips-Ouliaris cointegration tests using FMOLS estimation results
Abdul Razak Abdul Hadi +2 more
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The “Backus-Smith” puzzle, non-tradable output, and international business cycles
Studies in Economics and Finance, 2016Purpose This paper aims to examine the effects of adding non-tradable sector and trade in intermediate goods sector and their impact on the “Backus-Smith” (BS) puzzle and the features of the non-tradable output. Conventional international real business cycle models show that the real exchange rate and the terms of trade are positively correlated to ...
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Privatization and non-tradable stock reform in China
Global Finance Journal, 2009Enyang Guo, Arthur J. Keown
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