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Replication data for: International Prices, Costs, and Markup Differences

Resource Type
  • Gopinath, Gita
  • Gourinchas, Pierre-Olivier
  • Hsieh, Chang-Tai
  • Li, Nicholas
Publication Date
  • Abstract

    Relative cross-border retail prices, in a common currency, comove closely with the nominal exchange rate. Using product-level prices and wholesale costs from a grocery chain operating in the United States and Canada, we decompose this variation into relative costs and markup components. The high correlation of nominal and real exchange rates is driven mainly by changes in relative costs. National borders segment markets. Retail prices respond to changes in costs in neighboring stores within the same country but not across the border. Prices have a median discontinuous change of 24 percent at the border and 0 percent at state boundaries. (JEL F31, L11, L81)
  • Is supplement to
    DOI: 10.1257/aer.101.6.2450 (Text)
  • Gopinath, Gita, Pierre-Olivier Gourinchas, Chang-Tai Hsieh, and Nicholas Li. “International Prices, Costs, and Markup Differences.” American Economic Review 101, no. 6 (October 2011): 2450–86.
    • ID: 10.1257/aer.101.6.2450 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-11

Gopinath, Gita; Gourinchas, Pierre-Olivier; Hsieh, Chang-Tai; Li, Nicholas (2011): Replication data for: International Prices, Costs, and Markup Differences. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.