Lin Jian: According to the statistics released by the National Bureau of Statistics, China’s Gross Domestic Product (GDP) grew by 5.3 percent year on year in the first quarter. Four key macroeconomic indicators remained generally stable, namely GDP, unemployment rate, inflation rate and balance...
We examine price differences of identical products across the German–Austrian border.Despite strong regional integration, grocery prices differ considerably.Prices deviate in both directions, but are on average about 14% higher in Austria.This border effect exists even within multinational retailers.The ...