Arbeitspapier

A nonparametric panel data approach to the cyclical dynamics of price-cost margins

By using nonparametric and panel data econometrics, this paper re-assesses the effect of both the current level of economic activity and of future expected demand on the dynamics of the price mark-up over marginal cost in US manufacturing industries from 1958 to 1996. Consistently with previous results, the current level of economic activity has a negative impact on the mark-up and expectations of future demand a positive one. Differences between consumer and producer goods and between more and less competitive sectors play a minor role. Differences between durable and nondurable goods, instead, find more empirical support.

Sprache
Englisch

Erschienen in
Series: Kiel Working Paper ; No. 1580

Klassifikation
Wirtschaft
Industry Studies: Manufacturing: General
Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices
Business Fluctuations; Cycles
Thema
Mark-up
cyclical dynamics
durable goods
non-durable goods
nonparametric econometrics
panel data econometrics

Ereignis
Geistige Schöpfung
(wer)
Vaona, Andrea
Ereignis
Veröffentlichung
(wer)
Kiel Institute for the World Economy (IfW)
(wo)
Kiel
(wann)
2010

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Vaona, Andrea
  • Kiel Institute for the World Economy (IfW)

Entstanden

  • 2010

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