Market Power in Manufacturing and Services Industries

Leonor Mesquita (), Carlos Carreira () and Rita Martins
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Leonor Mesquita: Univ Coimbra, Faculty of Economics

Notas Económicas, 2022, issue 55, 99-112

Abstract: This study analyzes the extent of the market power of the manufacturing and services industries in Portugal over the last decade. The results show that Portuguese industries are mostly operating under imperfect competition. Mark-ups are heterogeneous across industries, with services having higher mark-ups on average than manufacturing. The apparel and the administrative activities industries have the highest mark-ups; in turn, the food and the beveragesindustries have the lowest mark-ups, while the rubber and plastics industry seems to operate under competitive conditions. There is therefore room for improving product market com-petition in Portugal.

Keywords: Mark-up ratio; Market power; Manufacturing; Services; Portugal. (search for similar items in EconPapers)
JEL-codes: D43 L13 L16 L60 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:gmf:journl:y:2022:i:55:p:99:112

DOI: 10.14195/2183-203X_55_4

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