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Title:A nonparametric panel data approach to the cyclical dynamics of price-cost margins PDF Logo
Authors:Vaona, Andrea
Issue Date:2010
Series/Report no.:Kiel working paper 1580
Abstract: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.
Subjects:Mark-up
cyclical dynamics
durable goods
non-durable goods
nonparametric econometrics
panel data econometrics
JEL:L60
L16
E32
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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