Industry Structure and the Dynamics of Price Adjustment
Applied Economics, 2001, 33, 15, 1889-1901
BANERJEE, Anindya, RUSSELL, Bill, Industry Structure and the Dynamics of Price Adjustment, Applied Economics, 2001, 33, 15, 1889-1901 - https://hdl.handle.net/1814/4376
Retrieved from Cadmus, EUI Research Repository
Using annual US data for gross domestic product originating by sector between 1947 and 1997 it is shown that a negative long-run relationship between inflation and the markup is present across the sectors as well as in the aggregate data. A preliminary explanation based on industry structure is explored for the relative sizes of the impact of inflation on the markup in the long-run for the various sectors.
Cadmus permanent link: https://hdl.handle.net/1814/4376
Full-text via DOI: 10.1080/00036840010021131
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