Practical contribution for the assessment and monitoring of product market competition in the Portuguese Economy – estimation of price cost margins

Luis Folque ()
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Luis Folque: NOVA – School of Business and Economics

No 63, GEE Papers from Gabinete de Estratégia e Estudos, Ministério da Economia

Abstract: This work project estimates price-cost margins for 163 Portuguese markets (defined at 3-digit level of CAE), with the aim of assessing the degree of product market competition. During the Economic and Financial Assistance Program of 2011-14, a set of product market reforms was implemented, with the objective of increasing competition in output markets. We provide a first assessment of the effectiveness of these reforms. We use Portuguese firm-level data to estimate price-cost margins, allowing for worker’s bargaining power. By then aggregating markets into sectors, our results allow us to conclude that the degree of competition did increase in most sectors

Keywords: competitiveness; Portuguese Economy; product market reform; mark-up (search for similar items in EconPapers)
JEL-codes: L10 L60 O50 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2016-05, Revised 2016-05
New Economics Papers: this item is included in nep-com and nep-mkt
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https://www.gee.gov.pt/RePEc/WorkingPapers/GEE_PAPERS_63.pdf First version, 2016 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:mde:wpaper:0063

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