The pricing of manufactured goods during trade liberalization : evidence from Chile, Israel, and Korea (Inglés)

This paper is an investigation of price-setting behavior in Chile, Israel and Korea when each of these countries moved from a fairly closed to a more open international trade regime. In some cases, the intensification of the opening resulted from real appreciation rather than from a formal adjustment in tariff rates (as in Chile, 1980-82, and Israel, 1983-84). The central thesis of this paper is that the structural price equation for import-competing...
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