Measuring Regional Price Levels in the Czech Republic

Abstract

Regional price level comparison in the Czech Republic was a topic not touched until recently. Then a team of researchers from the University of Economics in Prague pioneered the way for NUTS 3 regions for the year 2007 and repeatedly in 2012. Another step to establish more reliable results came together with a research team of the Technical University in Liberec, which brought qualitatively new and well advanced approaches. This article aims to discuss some aspects of the two attempts to establish regional price level compariso in the Czech Republic.

Keywords

• Purchasing power parity
• regional price level