A nonparametric panel data approach to the cyclical dynamics of price-cost margins in the fourth Kondratieff wave

Andrea Vaona

Eurasian Business Review, 2016, vol. 6, issue 2, No 2, 155-170

Abstract: Abstract By using nonparametric and panel data econometrics, this paper re-assesses the effect of both the current level of economic activity and of future expected demand on the dynamics of the price mark-up over marginal cost in US manufacturing industries from 1958 to 1996. Consistently with previous results, the current level of economic activity has a negative impact on the mark-up and expectations of future demand a positive one. Differences between consumer and producer goods and between more and less competitive sectors play a minor role. Differences between durable and non-durable goods, instead, find more empirical support.

Keywords: Mark-up; Cyclical dynamics; Durable goods; Non-durable goods; Nonparametric econometrics; Panel data econometrics (search for similar items in EconPapers)
JEL-codes: E32 L16 L60 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s40821-015-0034-0 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:eurasi:v:6:y:2016:i:2:d:10.1007_s40821-015-0034-0

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40821

DOI: 10.1007/s40821-015-0034-0

Access Statistics for this article

Eurasian Business Review is currently edited by Marco Vivarelli

More articles in Eurasian Business Review from Springer, Eurasia Business and Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().