The elasticity of domestic sugar price to world sugar price increased from 0.20% before liberalization to 0.52% after liberation of the domestic market, i.e. when the price of international market increased 1%, the domestic price was increasing 0.20 before market liberalization and 0.52 in creasing after market liberalization.
And the following results are proved, from the Granger causality test for maize and rice, domestic price changes before the price in world market changes. For wheat, world price changes earlier and the domestic price changes later. For soybean, the domestic price changes first before China's entry to WTO and totally opposite after China's entry to WTO.
Under dual economic structures, China has the comparative advantage in fund-intensive goods production, but because of lacking good domestic price mechanism, this comparative advantage is difficult to be brought about;
However, the tariff reduce will reinforce the mechanism of the international competition in futnre,which contributes to the stabilization of the domestic market price level ' and makes the domestic price structure more reasonable, some countermeasures concerning the tariff reform are suggested finally.
Because of the difference between international market price and domestic market price,the international price rules are bound to conflict with the domestic ones,and international market price will effect directly to domestic one. Thus,China should study the subsistent problems,analyse the disadvantageous influence objectively from international market price to domestic one,constitute corresponding price countermeasures,mitigate furthest the impact from international market price to domestic one,and implement smoothly the connection between international and domestic market.
Domestic price inflation is affected by improted inflation including currency depreciation (a pass through effect), domestic cost pressure (unit labour costs), and excess demand in the product market (output gap effect).
This article decomposes the impact of imports on domestic price-cost margins into separate price and cost effects.
The empirical results show that, in the long run, domestic price responds greatly to import penetration, followed by demand pressure.
There was a negative effect from import competition on domestic price.
International law holds that a firm is dumping if its foreign price is either below its domestic price or below its marginal cost.
Race and home price appreciation in urban neighborhoods: Evidence from Milwaukee, Wisconsin
Empirical tests with a reduced form equation using aggregated 1980 data on 94 SMSAs suggest explanation for 84% of this intercity home price variation.
The growth of secondary mortgage holdings and the increased impact of house prices on consumption and other components of economic activity imply ever-greater importance for accurate forecasts of home price changes.
A growing literature documents the effects of home price appreciation and depreciation on personal expenditures and savings behavior.
Any home price series used to assess the existence of a bubble should attempt to control for location and changes in quality.
Exceptions appear to have occurred recently in Brazil and the Philippines where low local prices for vegetable oils combined with high petroleum prices encouraged officials to use low proportion vegetable oil/diesel fuel blends.
Authorities in Canada, Italy, the Netherlands and other nations regulate local prices in part based on international comparisons.
Furthermore, because each regression is local by construction, the unused remainder of the sample had essentially no effect on local prices.
Granted, higher local prices temporarily reduce drug consumption, but mostly among recreational users.
Given then that firms are producing their Nash outputs, we can rewrite local prices as a function of the governments' available tariff policies.