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@inproceedings{1310483, author = {Fischer, Jakub and Lipovská, Hana}, address = {Plzeň}, booktitle = {Mathematical Methods in Economics 33rd international conference in Cheb}, editor = {David Martinčík}, keywords = {Big Mac Index; cluster analysis; inter-area price levels; Regional purchase power parity}, howpublished = {elektronická verze "online"}, language = {eng}, location = {Plzeň}, isbn = {978-80-261-0539-8}, pages = {184-189}, publisher = {University of West Bohemia}, title = {Burgernomics Revisited: Regional Purchasing Power}, url = {http://mme2015.zcu.cz/conference-proceedings/}, year = {2015} }
TY - JOUR ID - 1310483 AU - Fischer, Jakub - Lipovská, Hana PY - 2015 TI - Burgernomics Revisited: Regional Purchasing Power PB - University of West Bohemia CY - Plzeň SN - 9788026105398 KW - Big Mac Index KW - cluster analysis KW - inter-area price levels KW - Regional purchase power parity UR - http://mme2015.zcu.cz/conference-proceedings/ L2 - http://mme2015.zcu.cz/conference-proceedings/ N2 - The aim of this paper is to estimate inter-area price levels in the Czech Republic. For this purpose, we developed the Regional Big Mac Index as a variation of the standard Big Mac Index which was calculated by The Economist. A unique dataset was used of Big Mac sales and prices in 89 McDonald’s restaurants for June 2013. The analysis was performed by employing OLS model, cluster analysis and standard statistical methods. We found that Regional Big Mac Index is not suitable for estimating inter-area price levels in the Czech Republic, as it is only moderately correlated with the regional purchase power parity. ER -
FISCHER, Jakub a Hana LIPOVSKÁ. Burgernomics Revisited: Regional Purchasing Power. In David Martinčík. \textit{Mathematical Methods in Economics 33rd international conference in Cheb}. Plzeň: University of West Bohemia. s.~184-189. ISBN~978-80-261-0539-8. 2015.
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