The Levels and Cyclical Behaviour of Mark-ups Across Countries and Market Structures PDF Download
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Author: Joaquim Oliveira Martins
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 28
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Book Description
"In this paper, we present estimates of the mark-up of product price over marginal costs for the US manufacturing industries over the 1970-1992 period"--P. 2.
Author: Joaquim Oliveira Martins
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 28
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Book Description
"In this paper, we present estimates of the mark-up of product price over marginal costs for the US manufacturing industries over the 1970-1992 period"--P. 2.
Author: Marc Lavoie
Publisher: Routledge
ISBN: 1317464486
Category : Business & Economics
Languages : en
Pages : 212
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Book Description
Alfred Eichner's pioneering contributions to post-Keynesian econmics offered significant insights on the way modern economies and institutions actually work. Published in 1987, his "Macrodynamics of Advanced Market Economies" contains rich chapters on dynamics and growth, investment, finance and income distribution, a timely chapter on the State and fiscal policy, and two analytical chapters on endogenous money that are years ahead of their time. Featuring chapters by many of Eichner's disciples, this book celebrates his rich contributions to post-Keynesian economics, and demonstrates that his work is in many ways as valid today as it was over two decades ago.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264199462
Category :
Languages : en
Pages : 248
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Book Description
This publication examines the causes of the divergence in growth across the OECD.
Author: Michael Olive
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 172
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Book Description
Looking at regularities that exist across countries and industries, Olive (economics, U. of New South Wales, Australia) estimates an industry pricing consideration that allows for some general statements about the influences of firm pricing and markup behavior over a range of manufacturing markets. With a sample including large, medium, and small economies, he reviews the structure--conduct--performance paradigm and its relationship to the new empirical industrial organization. Five themes r elated to models of pricing are then compared and lessons from the literature are discussed. Annotation copyrighted by Book News, Inc., Portland, OR
Author: Organisation internationale du travail, Bureau international du travail
Publisher: International Labour Organization
ISBN:
Category :
Languages : en
Pages : 216
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Book Description
Author: Jakob de Haan
Publisher: Springer
ISBN: 3319744003
Category : Political Science
Languages : en
Pages : 293
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Book Description
This book presents a selection of contributions on the timely topic of structural reforms in Western economies, written by experts from central banks, the International Monetary Fund, and leading universities. It includes latest research on the impacts of structural reforms on the market economy, especially on the labor market, and investigates the results of collective bargaining in theory and practice. The book also comprises case studies of structural reforms. A literature survey on the topic serves as a valuable source for further research. The book is written by and targeted at both academics and policy makers.
Author: Olivier Boylaud
Publisher:
ISBN:
Category : Long distance telephone service
Languages : en
Pages : 66
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Book Description
Author: Thierry Tressel
Publisher: World Bank Publications
ISBN:
Category : Industrial productivity
Languages : en
Pages : 31
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Book Description
Scarpetta and Tressel present empirical evidence on the determinants of industry-level multifactor productivity growth. They focus on "traditional factors," including the process of technological catch up, human capital, and research and development (R & D), as well as institutional factors affecting labor adjustment costs. Their analysis is based on harmonized data for 17 manufacturing industries in 18 industrial economies over the past two decades. The disaggregated analysis reveals that the process of technological convergence takes place mainly in low-tech industries, while in high-tech industries, country leaders tend to pull ahead of the others. The link between R & D activity and productivity also depends on technological characteristics of the industries: while there is no evidence of R & D boosting productivity in low-tech industries, the effect is strong in high-tech industries, but the technology leaders tend to enjoy higher returns on R & D expenditure compared with followers. There is also evidence in the data that high labor adjustment costs (proxied by the strictness of employment protection legislation) can have a strong negative impact on productivity. In particular, when institutional settings do not allow wages or internal training to offset high hiring and firing costs, the latter reduce incentives for innovation and adoption of new technologies, and lead to lower productivity performance. Albeit drawn from the experience of industrial countries, this result may have relevant implications for many developing economies characterized by low relative wage flexibility and high labor adjustment costs. This paper--a joint product of the Social Protection Team, Human Development Network, World Bank, and the International Monetary Fund--is part of a larger effort to understand what drives productivity growth.
Author: Mr. Romain A Duval
Publisher: International Monetary Fund
ISBN: 1513588001
Category : Business & Economics
Languages : en
Pages : 56
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Book Description
We show that firms’ market power dampens the response of their output to monetary policy shocks, using firm-level data for the United States and a large cross-country firm-level dataset for 14 advanced economies. The estimated impact of a firm’s markup on its response to a monetary policy shock is large enough to materially affect monetary policy transmission. We also find some evidence that the role of markup in monetary policy transmission, while independent from other channels, is greater for firms whose characteristics — notably size and age — are likely to be associated with greater financial constraints. We rationalize these findings through a simple partial equilibrium model in which borrowing constraints amplify disproportionately low-markup firms’ responses to changes in interest rates.
Author: Per Gunnar Berglund
Publisher: Routledge
ISBN: 1135991634
Category : Business & Economics
Languages : en
Pages : 465
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Book Description
While recent developments in monetary theory have been fast to spread to policy analysis and practice and the media, the same is not true of fiscal policy, and a void has emerged. Issues such as timing, cyclical adjustments, long-term sustainability, and social implications are often seen as detached from discussions in the public arena. This book fills this gap. It delivers a keen assessment of the role and scope of current fiscal policy. New contributions and critical reviews of state of the art research analyze fiscal policy in terms of viability, potency, consequences and sustainability, and also shed light on its relation to economic and political ideas. The general tone of this volume is cautiously favourable of fiscal activism, although the emphasis is placed more on medium-term adjustments than on short-term ‘fine-tuning’. The authors believe that the legacy of the last fiscal revolution has been an excessively negative view of deficits and debt, and believe that this volume will contribute to open a dialogue on fiscal issues, and bring back a more balanced view of fiscal policy. With contributions from leading authorities including Barbara Bergmann, Jeffrey Frankel and David Colander, this is a major new contribution to the field.
