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A Note on Price Behavior in Urban Pakistan
Author(s) -
Herndon James
Publication year - 2020
Publication title -
southern economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.762
H-Index - 58
eISSN - 2325-8012
pISSN - 0038-4038
DOI - 10.1002/soej.12412
Subject(s) - cointegration , divergence (linguistics) , price index , economics , index (typography) , wage , consumer price index (south africa) , cost of living , ethnic group , measure (data warehouse) , econometrics , macroeconomics , labour economics , monetary policy , sociology , database , world wide web , computer science , anthropology , linguistics , philosophy
This article examines the price behavior of consumer goods in the strategically vital country of Pakistan. Results show that prices converge both temporally and spatially. A wage‐adjusted Consumer Price Index shows that Pakistani cities have converging costs of living. Finally, a novel measure of cointegration ranks the most and least economically integrated cities. Divergence does not occur along provincial, linguistic, or ethnic boundaries.