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