Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/30036
Authors: 
Vaona, Andrea
Year of Publication: 
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

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