RDP 9707: Internationalisation and Pricing Behaviour: Some Evidence for Australia Appendix A: Relative Prices – Industrial Countries
October 1997
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To check whether our results in Section 3 are materially affected by unreliable data from developing countries, we calculate price ratios using only the industrialised countries (Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, the UK and the US) in our sample. Data corresponding to Figure 1 and Table 1 are presented below. As can be seen, overall results are little changed when the developing countries are excluded.
Number of industries for which relative prices have: | 1969/72 to 1991/94 | 1969/72 to 1980/83 | 1980/83 to 1991/94 |
---|---|---|---|
Decreased | 21 | 12 | 21 |
Increased | 2 | 7 | 1 |
Unchanged | 4 | 8 | 5 |
Note: Based on percentage changes in the relative prices presented in Figure A1. Industries are classified as ‘unchanged’ if the relative price change is less than 10 per cent in either direction. |