Markup heterogeneity, export status and the establishment of the euro Classification-JEL:C5,D43,F61,L16,L60
Sarah Guillou () and
Lionel Nesta Author-Workplace-Name :Ofce Sciences-po,gredeg Cnrs and Skema Business School ()
Authors registered in the RePEc Author Service: Lionel Nesta ()
No 2015-01, Documents de Travail de l'OFCE from Observatoire Francais des Conjonctures Economiques (OFCE)
We investigate the effects of the establishment of the euro on the markups of French manufacturing firms. Merging firm-level census data with customs data, we estimate time-varying firm-specific markups and distinguish between eurozone exporters from other firms between 1995 and 2007.We find that the establishment of the euro has had a pronounced pro-competitive impact by reducing firm markups by 14 percentage points. By reducing export costs, the euro represented an opportunity for eurozone exporters to increase their margins relative to other firms. Quantile regressions show that the euro has led to a reduction in the variance of markups.
Keywords: Markups; Heteterogeneity; Euro; Competition; Export destinations (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fce:doctra:1501
Access Statistics for this paper
More papers in Documents de Travail de l'OFCE from Observatoire Francais des Conjonctures Economiques (OFCE) Contact information at EDIRC.
Bibliographic data for series maintained by Francesco Saraceno ().