This paper uncovers novel empirical patterns in the cross-country price mechanism using a nonlinear factor model and threshold regression analysis based on individual goods retail price data for a large panel of countries. To our knowledge, this is the first paper to find strong evidence for club convergence of retail prices. These clubs emerge due to the interaction of traded and nontraded factors. For example, countries physically closer to potential trade partners converge faster than countries in the high distance regime as long as they have low initial labor productivity or low initial income. Moreover, we find an asymmetry in the extent that arbitrage opportunities related to international trade are exploited, with low initial price regime countries exhibiting faster convergence from below than high initial price regime countries exhibit from above, consistent with less resistance to exporting than to importing due to political economy considerations. We interpret our findings as evidence of a local law of one price due to barriers to price convergence influencing the duration of the effect of price shocks.

Data used to analyse electricity price convergence and its determinants via stochastic tests and logistic regression.

This dataset contains the predicted prices of the asset Convergence over the next 16 years. This data is calculated initially using a default 5 percent annual growth rate, and after page load, it features a sliding scale component where the user can then further adjust the growth rate to their own positive or negative projections. The maximum positive adjustable growth rate is 100 percent, and the minimum adjustable growth rate is -100 percent.

Based on household final consumption expenditure expressed in purchasing power parities (PPPs), data show the coefficient of variation of price level indices and the coefficient of variation of volume indices of expenditure per capita. If the coefficient of variation of the comparative price levels for the EU decreases/increases over time, the national price levels in the Member States are converging/diverging.

Comparative price levels are the ratio between Purchasing power parities (PPPs) and market exchange rate for each country. PPPs are currency conversion rates that convert economic indicators expressed in national currencies to a common currency, called Purchasing Power Standard (PPS), which equalises the purchasing power of different national currencies and thus allows meaningful comparison. If the coefficient of variation of the comparative price levels for the EU decreases/increases over time, the national price levels in the Member States are converging/diverging.

This is the replication package for the paper 'European Goods Market Integration in the Very Long Run: From the Black Death to the First World War', Journal of Economic History. Drawing on extensive new evidence, this paper argues that price convergence across European wheat markets was a largely pre-modern phenomenon, starting as early as the late 15th century and, interruptions notwithstanding, continuing into the mid-19th century. The last quarter of the 19th century was characterized by divergence as trade policy decisions came to dominate technical change. The ‘Little Divergence’ between North-Western Europe and the rest of the continent shows up in the price data from about 1600. Market efficiency began to improve in the early 16th century and was as uneven over time as convergence in prices. This, the paper argues, was an outcome of differential institutional change and non-synchronous diffusion of systems of information transmission across space.

This dataset contains the predicted prices of the asset luminous convergence over the next 16 years. This data is calculated initially using a default 5 percent annual growth rate, and after page load, it features a sliding scale component where the user can then further adjust the growth rate to their own positive or negative projections. The maximum positive adjustable growth rate is 100 percent, and the minimum adjustable growth rate is -100 percent.

This dataset is about news. It has 12 rows and is filtered where the keywords includes European gas hubs price correlation : barriers to convergence?. It features 2 columns including news link.

Price staleness refers to the extent of zero returns in price dynamics. Bandi, Pirino, and Reno introduce two types of staleness: systematic and idiosyncratic staleness. In this study, we allow price staleness to be time-varying and study the statistical inference for idiosyncratic and common price staleness between two assets. We propose consistent estimators for both time-varying idiosyncratic and systematic price staleness and derive their asymptotic theory. Moreover, we develop a feasible nonparametric test for the simultaneous constancy of idiosyncratic and common price staleness. Our inference is based on infill asymptotics. Finally, we conduct simulation studies under various scenarios to assess the finite sample performance of the proposed approaches and provide an empirical application of the proposed theory.

EMU convergence criterion bond yields are long-term interest rates, used as a convergence criterion for the European Monetary Union. Also called 'mcby' - Maastricht criterion bond yields.

All-time high price data for Convergence, including the peak value, date achieved, and current comparison metrics.

This dataset is about book series. It has 1 row and is filtered where the books is Rates of convergence in the central limit theorem. It features 10 columns including number of authors, number of books, earliest publication date, and latest publication date.

This dataset contains the predicted prices of the asset Metaverse Convergence over the next 16 years. This data is calculated initially using a default 5 percent annual growth rate, and after page load, it features a sliding scale component where the user can then further adjust the growth rate to their own positive or negative projections. The maximum positive adjustable growth rate is 100 percent, and the minimum adjustable growth rate is -100 percent.

Serbia emerged as a small independent nation-state in the economic periphery of nineteenth-century Europe. This article leverages uniquely abundant town-level data to examine spatial inequality in prices and wages within this late-developing economy. I first build a new dataset on prices of traded and household goods, and wages of skilled and unskilled workers for a panel of 42 urban settlements in Serbia, in the period from 1863 to 1910. I apply the welfare ratio approach to calculate real wages of day labourers and masons. Second, I find strong spatial convergence in grain prices and costs of living, but divergence in wages, both nominal and real. Lastly, I investigate the determinants of price convergence and wage divergence with panel-data models. The results suggest that falling transport costs decreased price gaps between locations, whereas rising population differences increased inter-urban wage gaps.

Convergence price data for 2025-12-01 including currency, value, high, low, open, close, and percentage difference.

Comprehensive market data and analytics for P-182 WORLD CONVERGENCE including pricing distribution, seller metrics, and market trends.

This dataset is about news. It has 12 rows and is filtered where the keywords includes European gas hubs price correlation : barriers to convergence?. It features 3 columns: news link, and polarity sentiment score.

This dataset is about news. It has 12 rows and is filtered where the keywords includes European gas hubs price correlation : barriers to convergence?. It features 2 columns including classification.

It has been claimed that the deviations from purchasing power parity are highly persistent and have quite long half-lives under the assumption of a linear adjustment of real exchange rates. However, inspired by trade cost models, nonlinear adjustment has been widely employed in recent empirical studies. This paper proposes a simple nonparametric procedure for evaluating the speed of adjustment in the presence of nonlinearity, using the largest Lyapunov exponent of the time series. The empirical result suggests that the speed of convergence to a long-run price level is indeed faster than what was found in previous studies with linear restrictions.

This bar chart displays polarity sentiment score by section using the aggregation average. The data is filtered where the keywords includes European gas hubs price correlation : barriers to convergence?.