The relation between the producer and consumer price indices: a two-country study

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dc.authorid0000-0001-9648-8079en_US
dc.authorid0000-0003-4005-2916
dc.authorid0000-0003-3023-2534
dc.contributor.authorTopuz, Yusuf Volkan
dc.contributor.authorYazdifar, Hassan
dc.contributor.authorSahadev, Sunil
dc.date.accessioned2021-06-23T19:49:41Z
dc.date.available2021-06-23T19:49:41Z
dc.date.issued2018
dc.departmentBAİBÜ, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümüen_US
dc.description.abstractMarketing managers are often in a dilemma about which pricing index to rely on while calculating the annual increase in the prices for their product. To provide insights that can reduce this dilemma, a critical comparison of the Producer Price index and consumer price index is called for. In this study, the relation between the Producer Price Index (PPI) and Consumer Price Index (CPI) was investigated through a comparison between Turkey and UK. Unlike many other previous studies, this study tried to determine the dominant pricing approach in an economy by examining the relation between the producer and consumer prices. In this context, VAR, impulse-response, variance decomposition, and Granger causality tests were used for the analyses of time series data. The results of study showed that there was bidirectional causality between the producer and consumer prices in both countries. Therefore, it was asserted that businesses in both countries generally apply mixed pricing approach. The results thus provide some interesting insights that can aid marketing managers in their pricing decisions.en_US
dc.identifier.doi10.1057/s41272-017-0125-x
dc.identifier.endpage130en_US
dc.identifier.issn1476-6930
dc.identifier.issn1477-657X
dc.identifier.issue3en_US
dc.identifier.scopus2-s2.0-85033365355en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage122en_US
dc.identifier.urihttps://doi.org/10.1057/s41272-017-0125-x
dc.identifier.urihttps://hdl.handle.net/20.500.12491/9587
dc.identifier.volume17en_US
dc.identifier.wosWOS:000452243900002en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.institutionauthorTopuz, Yusuf Volkan
dc.language.isoenen_US
dc.publisherPalgrave Macmillan Ltden_US
dc.relation.ispartofJournal Of Revenue And Pricing Managementen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectPrice Indexesen_US
dc.subjectGeneral Pricing Approachesen_US
dc.subjectTime Series Analysisen_US
dc.titleThe relation between the producer and consumer price indices: a two-country studyen_US
dc.typeArticleen_US

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