Competition in the Portuguese economy: estimated price-cost margins under imperfect labour markets

João Amador () and Ana Cristina Soares

No 1751, Working Paper Series from European Central Bank

Abstract: This article estimates price-cost margins for the Portuguese markets in a context of imperfect competition in the labour market. The database used includes virtually the universe of Portuguese firms for the period 2005-2009. The results strongly reject the hypothesis of perfect competition in both labour and product markets. Estimated price-cost margins are very heterogeneous across markets and the average for the overall economy ranges between 25 and 28 per cent, depending on the variables used to weight each market. In addition, the tradable sector presents a lower price-cost margin than the non-tradable sector. According to the methodology used, workers JEL Classification: L10, L60, O50

Keywords: market competition; portuguese economy; production function (search for similar items in EconPapers)
Date: 2014-12
New Economics Papers: this item is included in nep-com
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp1751.en.pdf (application/pdf)

Related works:
Journal Article: Competition in the Portuguese Economy: Estimated Price-Cost Margins Under Imperfect Labour Markets (2013)
Working Paper: Competition in the portuguese economy: Estimated price-cost margins under imperfect labour markets (2013)
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:ecb:ecbwps:20141751

Access Statistics for this paper

More papers in Working Paper Series from European Central Bank 60640 Frankfurt am Main, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Official Publications ().