Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/82860
Authors: 
Gottfries, Nils
Year of Publication: 
2001
Series/Report no.: 
Working Paper, Department of Economics, Uppsala University 1999:15
Abstract: 
A parsimonious structural model of price and quantity dynamics is applied to Swedish exports and export prices for manufactured goods 1972-1996. Two sources of dynamics are considered: customer markets and pre-set prices. The dynamic adjustment of exports is very much in line with what the customer market model predicts: the market share adjusts slowly after a change in the relative price. Prices are sticky in the sense that they do not reflect the most recent information about costs and exchange rates. Prices are high when firms are borrowing heavily, supporting the argument in Gottfries (1991) that financial constraints affect pricing behavior.
Subjects: 
exports
market share
customer
export price
price setting
markup
sticky price
financial constraints
JEL: 
D43
E31
F12
F41
Document Type: 
Working Paper

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