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dc.contributor.authorVaona, Andreaen_US
dc.description.abstractBy 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.en_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel working paper 1580en_US
dc.subject.keywordcyclical dynamicsen_US
dc.subject.keyworddurable goodsen_US
dc.subject.keywordnon-durable goodsen_US
dc.subject.keywordnonparametric econometricsen_US
dc.subject.keywordpanel data econometricsen_US
dc.titleA nonparametric panel data approach to the cyclical dynamics of price-cost marginsen_US
dc.typeWorking Paperen_US
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