| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 972728 | The North American Journal of Economics and Finance | 2007 | 13 Pages |
Abstract
The paper investigates the law of one price (LOP), using 84 Canada/U.S. manufacturing prices over 1961–1996. We find that while there is a long-run relationship between Canadian and U.S. prices, industries vary in terms of adherence to the LOP. In industries with higher degree of market competition and integration, the correlation between Canadian and U.S. prices becomes stronger.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Beiling Yan, André Bernard, Paul Warren,