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Convergencia de precios en el largo plazo en Uruguay. Evidencia empírica para 4 bienes

Author

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  • Andrés Bonino Gayoso

    (Departamento de Economía, Facultad de Ciencias Sociales, Universidad de la República)

Abstract

En el presente documento se estudia si durante el período comprendido entre enero de 2008 y mayo de 2017 se produjo en Uruguay un proceso de convergencia de precios a nivel de establecimientos de venta. Se utiliza un panel de datos conformado por precios diarios de 4 bienes fijados por 386 supermercados, con cobertura nacional. Los bienes fueron seleccionados buscando representar categorías de productos para las cuales los hogares suelen realizar compras en un supermercado con alta frecuencia. El análisis de convergencia se realiza a partir del estudio de la evolución de la dispersión de precios en el tiempo. Se encuentra que esta se redujo en el período solamente 0,88 % a nivel de todo el país, por lo que no parece suficiente como para concluir que los precios hayan convergido. Este resultado era esperable debido a que las posibles fuentes de diferenciales de precios no registraron cambios significativos durante el período. Por lo tanto, la reducción en la dispersión de precios estimada no parece suficiente como para afirmar que la Ley de un Solo Precio en su versión absoluta se cumple en el largo plazo en el país. Como parte del análisis de robustez, se realizan estimaciones para diversas desagregaciones territoriales, así como para diferentes momentos de ingreso de los establecimientos a la muestra y para distintos niveles inflacionarios. El resultado encontrado es robusto para diferentes desagregaciones territoriales.

Suggested Citation

  • Andrés Bonino Gayoso, 2019. "Convergencia de precios en el largo plazo en Uruguay. Evidencia empírica para 4 bienes," Documentos de Trabajo (working papers) 0119, Department of Economics - dECON.
    • Handle: RePEc:ude:wpaper:0119
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    File URL: https://hdl.handle.net/20.500.12008/22294
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    References listed on IDEAS

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    Cited by:

    1. Yazgan, M. Ege & Yilmazkuday, Hakan, 2011. "Price-level convergence: New evidence from U.S. cities," Economics Letters, Elsevier, vol. 110(2), pages 76-78, February.

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    More about this item

    Keywords

    Ley de un Solo Precio; supermercados; dispersión de precios; convergencia de precios;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • L66 - Industrial Organization - - Industry Studies: Manufacturing - - - Food; Beverages; Cosmetics; Tobacco
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce

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