Domestic and Foreign Price-Marginal Cost Margins: An Application to Spanish Manufacturing Firms
| dc.contributor.author | Moreno Martín, María Lourdes | |
| dc.contributor.author | Rodríguez Rodríguez, Diego Antonio | |
| dc.date.accessioned | 2023-06-20T12:39:08Z | |
| dc.date.available | 2023-06-20T12:39:08Z | |
| dc.date.issued | 2004 | |
| dc.description.abstract | This paper investigates the differences in margins of export and domestic markets for Spanish manufacturing firms in the period 1990-1997. We estimate jointly a multiproduct cost function, a variable factor share equation and two price-marginal cost margin equations. The results obtained indicate that the marginal cost of production sold in export markets is slightly greater than in domestic markets. At the same time, the price-marginal cost margins in export markets are smaller than in domestic markets. We also find strong evidence that margins are procyclical in the domestic markets, but this evidence is less clear in the foreign markets. | |
| dc.description.department | Depto. de Análisis Económico y Economía Cuantitativa | |
| dc.description.faculty | Fac. de Ciencias Económicas y Empresariales | |
| dc.description.refereed | TRUE | |
| dc.description.status | pub | |
| dc.eprint.id | https://eprints.ucm.es/id/eprint/43298 | |
| dc.identifier.doi | 10.1111/j.1467-9396.2004.00431.x/pdf | |
| dc.identifier.issn | Online ISSN: 1467-9396 | |
| dc.identifier.officialurl | http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-9396 | |
| dc.identifier.relatedurl | http://onlinelibrary.wiley.com/doi/10.1111/j.1467-9396.2004.00431.x/pdf | |
| dc.identifier.uri | https://hdl.handle.net/20.500.14352/52064 | |
| dc.issue.number | 1 | |
| dc.journal.title | Review of International Economics | |
| dc.language.iso | eng | |
| dc.page.final | 80 | |
| dc.page.initial | 60 | |
| dc.publisher | Wiley Online | |
| dc.rights.accessRights | open access | |
| dc.subject.jel | F12 | |
| dc.subject.jel | L13 | |
| dc.subject.jel | L60 | |
| dc.subject.keyword | Spanish Manufacturing Firms | |
| dc.subject.keyword | Domestic and Foreign Markets. | |
| dc.subject.ucm | Economía internacional | |
| dc.subject.ucm | Economía industrial | |
| dc.subject.unesco | 5310 Economía Internacional | |
| dc.title | Domestic and Foreign Price-Marginal Cost Margins: An Application to Spanish Manufacturing Firms | |
| dc.type | journal article | |
| dc.volume.number | 12 | |
| dcterms.references | Appelbaum, Elie, "The Estimation of the Degree of Oligopoly Power," Journal of Econometrics 19 (1982): 287-99. Aw, Bee Y., Geeta Batra and Mark J. Roberts, "Firm Heterogeneity and Export-Domestic Price Differentials: A Study of Taiwanese Electronics Products," Journal of International Economics 54 (2001): 149-69. Baier, Scott L. and Jeffrey H. Bergstrand, “The growth of world trade: tariffs, transport costs, and income similarity,” Journal of International Economics 53 (2001): 1-27. Bergstrand, Jeffrey H., “The gravity equation in international trade: Some microeconomic foundations and empirical evidence,” Review of Economics and Statistics 67 (1985): 474-81. Bresnahan, Timothy F., “Empirical Studies of Industries with Market Power,” in Richard Schmalense and Robert D. Willing (eds.), Handbook of Industrial Organization, Amsterdam: North-Holland, 1989, pp. 1011-55. Bernstein, Jeffrey, and Pierre Mohnen, "Price-Cost Margins, Exports and Productivity growth: with an Application to Canadian Industries," Canadian Journal of Economics 24 (1991): 638-59. Bughin, Jacques, "Capacity Constraints and Export Performance: Theory and Evidence from Belgian Manufacturing," The Journal of Industrial Economics 44 (1996): 187-204. Caves, Douglas W., Laurits R. Christensen and Michael W. Tretheway, "Flexible costs functions for multiproduct firms," Review of Economic and Statistics, 62 (1980): 467-81. Caves, Douglas W., Laurits R. Christensen and Joseph A. Swanson, "Productivity growth, scale economies and capacity utilization in U.S. railroads, 1955-1974," The American Economic Review 71 (1981): 994-1002. Caves, Richard E., Michael E. Porter and A. Michael Spence, Competition in the Open Economy: A Model Applied to Canada, Cambridge MA: Harvard University Press, 1980. European Commission, “The Impact of Exchange-Rate Movements on Trade within the Single Market,” European Economy 4 (1995). Fariñas, José Carlos and Elena Huergo, "Margen precio-coste e importaciones en la industria española (1980-86)," in Juan José Dolado, Carmela Martín and Luis Rodríguez Romero (eds.), La industria y el comportamiento de las empresas españolas, Madrid: Alianza Editorial, 1993, pp. 211-36. Fariñas, José Carlos and Elena Huergo, "Profit margins, adjustment costs and the business cycle: an application to Spanish manufacturing firms," Working Paper 9901, Fundación Empresa Pública, Madrid, 1999. Goldberg, Pinelopi K. and Michael M. Knetter, “Good prices and exchange rates: What have we learned?,” Journal of Economic Literature 35 (1997): 1243-72. Gordo, Esther and Carmen Sánchez-Carretero, “El papel del tipo de cambio en el mecanismo de transmisión de la política monetaria,” in Servicio de Estudios del Banco de España (ed.), La política monetaria y la inflación en España, Alianza Editorial, 1997, pp. 783-830. Geroski, Paul, “Simultaneous equations models of the structure-performance paradigm,” European Economic Review 19 (1982): 145-58. Jacquemin, Alexis, "Imperfect Market Structure and International Trade. Some Recent Research," Kyklos 35 (1982): 75-93. Knetter, Michael M., “International Comparisons of Pricing to Market Behaviour,” American Economic Review 83 (1993): 473-86. Lyons, Bruce R., "Price-cost margins, market structure and international trade", in D. Currie, D. Peel and W. Peters (eds.), Microeconomic Analysis, Croom Helm, London, 1981. Mazón, Cristina, "Is profitability related to market share? An intra-industry study in Spanish Manufacturing," Working Paper 9327, Servicio de Estudios del Banco de España, Madrid, 1993. Morrison, Catherine, "Markups in U.S. and Japanese Manufacturing: A Short Run Econometric Analysis," Working paper 2799, NBER, 1988. Nishimura, Kiyohiko G., Yasushi Ohkusa and Kenn Ariga, “Estimating the mark-up over marginal cost: a panel analysis of Japanese firms 1971-74,” International Journal of Industrial Organization 17 (1999): 1077-111. Pearce de Azevedo, Joao, “European Integration and the profitability-concentration relationship in the Spanish economy,” Actas de las XII Jornadas de Economía Industrial, Fundación Empresa Pública, 1996, pp. 285-90. Pearce de Azevedo, Joao, “European Integration and the Competitive Structure of Spanish Industries”. Ph. D. dissertation, Universidad Autónoma de Barcelona, 1998. Roberts, Mark J., "Testing Oligopolistic Behavior," International Journal of Industrial Organization 2 (1984): 367-83. Rotemberg, Julio J. and Michael Woodword, “Markups and the business cycle,” NBER Macroeconomics Annual, 1991, pp. 63-129. Stalhammar, Nils-Olov, "Domestic market power and foreign trade: The case of Sweden,” International Journal of Industrial Organization 9 (1991): 407-24. | |
| dspace.entity.type | Publication | |
| relation.isAuthorOfPublication | 4fb8e9d3-ef4d-4bba-ad36-2b2cbcc065ad | |
| relation.isAuthorOfPublication | 52953f62-1347-429f-82b0-30bb60cbad74 | |
| relation.isAuthorOfPublication.latestForDiscovery | 4fb8e9d3-ef4d-4bba-ad36-2b2cbcc065ad |
Download
Original bundle
1 - 1 of 1
