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- Title
The impact of low-cost economies on UK import prices.
- Authors
Mac Coille, Conall
- Abstract
The share of UK imports from developing countries has increased sharply in recent years. Using measures of bilateral trade prices, this article suggests that increased sourcing from Low-cost economies has put significant downward pressure on the relative price of UK goods imports. However, this effect may have dissipated over time as the prices of UK imports from low-cost economies have risen more rapidly than in the past and developing economies' increasing demand for raw materials has contributed to higher oil and commodities prices.
- Subjects
UNITED Kingdom; IMPORT credit; IMPORTS; RAW materials; INTERNATIONAL trade; EMERGING markets; MARKETING
- Publication
Bank of England Quarterly Bulletin, 2008, Vol 48, Issue 1, p58
- ISSN
0005-5166
- Publication type
Article