Cyclical and Competitive Influences on Pricing in Australian Manufacturing

Harry Bloch and Michael Olive

The Economic Record, 1999, vol. 75, issue 3, 268-279

Abstract: Dynamic pricing equations are estimated using an error correction model, with data on a panel of 89 Australian manufacturing industries for the 14 years, 1971172 through 1984/85. The overall pattern is consistent with prices approximately following a fixed mark‐up rule in low concentration industries, while the mark‐up factor in high concentration industries is strongly pro‐cyclical. Also, in high concentration industries that are heavily exposed to import competition, the mark‐up factor increases with prices of foreign competing products and with the general price level for domestic manufactures.

Date: 1999
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
https://doi.org/10.1111/j.1475-4932.1999.tb02455.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ecorec:v:75:y:1999:i:3:p:268-279

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0013-0249

Access Statistics for this article

The Economic Record is currently edited by Paul Miller, Glenn Otto and Martin Richardson

More articles in The Economic Record from The Economic Society of Australia Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().