PRICE BEHAVIOR IN KOREAN MANUFACTURING

• 成果类型: Article
• 署名作者: YANG, YY; HWANG, M
• 署名单位: University of California System; University of California Berkeley
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.2307/2109971
• 发表日期: 1994-08
• 页码: 461-470
• 关键词: rate pass-through; UNITED-STATES; MARKET; GOODS

摘要

This paper investigates pricing behavior in Korean manufacturing. The two questions investigated are (1) whether price behavior in the two markets are distinctly different in the pass-through of exchange rate into export and domestic prices, and (2) If so, the subsequent question is whether observed differences in the price behavior can be explained by the price discrimination hypothesis. Using data from six manufacturing sectors for the period 1976-1990, we find that Korean manufacturing firms appear to have followed distinctly different pricing rule in the two markets, and the hypothesis of price discrimination in the two markets cannot be rejected.