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Product market price integration in developing countries
Includes abstract.
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| Main Author: | |
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
School of Economics
2014
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| _version_ | 1867613225502113793 |
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| access_status_str | Open Access |
| author | Nchake, Mamello Amelia |
| author2 | Edwards, Lawrence |
| author_browse | Edwards, Lawrence Nchake, Mamello Amelia |
| author_facet | Edwards, Lawrence Nchake, Mamello Amelia |
| author_sort | Nchake, Mamello Amelia |
| collection | Thesis |
| description | Includes abstract. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/5724 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:32:45.765Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | School of Economics |
| publisherStr | School of Economics |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/5724 Product market price integration in developing countries Nchake, Mamello Amelia Edwards, Lawrence Economics Includes abstract. Includes bibliographical references. Widespread empirical evidence of price discrimination in markets for goods and services suggests that national markets should be viewed as segmented rather than integrated. Yet, this research is almost entirely driven by studies of price setting behaviour in developed countries. This thesis extends the empirical literature by providing new evidence on price setting behaviour and product market integration in developing countries using a unique data set of monthly product prices at the retail outlet level or regional level for Lesotho, South Africa and Botswana over the period 2002 to 2009. The thesis is comprised of three main chapters. The first chapter provides evidence that none of the time-dependent or state dependent theories of price setting behaviour are entirely consistent with the empirical features found in the data. Therefore, it is difficult to find one theory that can explain pricing behaviour economy-wide. Improvements can be made on the current theories of price setting to incorporate different characteristics of price setting that are specific to developed and developing countries. The second chapter examines the relationship between inflation and the frequency of price change and suggests that goods are characterised by state-dependent pricing andservices are characterised by time-dependent pricing, consistent with the presence of menucosts in goods and not in services. The dominance of South African retail chains in the Lesotho retail sector affects price setting behaviour in Lesotho. Product markets are more integrated, between Lesotho and South Africa, in the more tradable sectors. The differentia limpact of local, national and regional inflation on price setting behaviour suggests that product markets remain segmented, despite Lesotho’s membership of the Southern African Customs Union (SACU) and the Common Monetary Area (CMA). 2014-07-31T12:23:22Z 2014-07-31T12:23:22Z 2013 Doctoral Thesis Doctoral PhD http://hdl.handle.net/11427/5724 eng application/pdf School of Economics Faculty of Commerce University of Cape Town |
| spellingShingle | Economics Nchake, Mamello Amelia Product market price integration in developing countries |
| thesis_degree_str | Doctoral |
| title | Product market price integration in developing countries |
| title_full | Product market price integration in developing countries |
| title_fullStr | Product market price integration in developing countries |
| title_full_unstemmed | Product market price integration in developing countries |
| title_short | Product market price integration in developing countries |
| title_sort | product market price integration in developing countries |
| topic | Economics |
| url | http://hdl.handle.net/11427/5724 |
| work_keys_str_mv | AT nchakemamelloamelia productmarketpriceintegrationindevelopingcountries |