Dundee Discussion Papers in Economics 121: Industry structure and the dynamics of price adjustment

Anindya Banerjee; Bill Russell

Dundee Discussion Papers in Economics 121: Industry structure and the dynamics of price adjustment

Anindya Banerjee, Bill Russell

Research output: Working paper/Preprint › Discussion paper

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Abstract

Using annual US data for gross domestic product originating by sector between 1947 and 1997 it is shown that a negative long-run relationship between inflation and the markup is present across the sectors as well as in the aggregate. A preliminary explanation based on industry structure is explored for the relative sizes of the impact of inflation on the markup in the long-run for the various sectors.

Original language	English
Publisher	University of Dundee
Publication status	Published - 2000

Publication series

Name	Dundee Discussion Papers in Economics
Publisher	University of Dundee
No.	121
ISSN (Print)	1473-236X

Keywords

Inflation
Wages
Prices
Markup
Competition
Industry structure

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DDPE_121.pdf

1 Article

Industry structure and the dynamics of price adjustment
Banerjee, A. & Russell, B., 2001, In: Applied Economics. 33, 15, p. 1889-1901
Research output: Contribution to journal › Article › peer-review
9 Citations (Scopus)

Cite this

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abstract = "Using annual US data for gross domestic product originating by sector between 1947 and 1997 it is shown that a negative long-run relationship between inflation and the markup is present across the sectors as well as in the aggregate. A preliminary explanation based on industry structure is explored for the relative sizes of the impact of inflation on the markup in the long-run for the various sectors.",

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KW - Inflation

KW - Wages

KW - Prices

KW - Markup

KW - Competition

KW - Industry structure

M3 - Discussion paper

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ER -

Dundee Discussion Papers in Economics 121: Industry structure and the dynamics of price adjustment

Abstract

Publication series

Keywords

Access to Document

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Research output

Industry structure and the dynamics of price adjustment

Cite this