A CROSS-COUNTRY ANALYSIS OF EXPORT PRICES IN OECD COUNTRIES

This article distinguishes the extent to which export price variation consists of global versus country-specific changes for fourteen OECD countries. We find that sharp changes in global export prices are evidently becoming more important for many of the OECD countries over the last twenty-five years as compared with the previous twenty-five year period. The article also finds that, by a number of different measures, whilst Australia's export price growth has apparently become more highly associated with world export prices in recent years, it nonetheless continues to have one of the more volatile set of export prices among OECD countries.