Industry structure and the dynamics of price adjustment

Anindya Banerjee; Bill Russell

doi:10.1080/00036840010021131

Industry structure and the dynamics of price adjustment

Anindya Banerjee, Bill Russell

Research output: Contribution to journal › Article › peer-review

9 Citations (Scopus)

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
Pages (from-to)	1889-1901
Journal	Applied Economics
Volume	33
Issue number	15
DOIs	https://doi.org/10.1080/00036840010021131
Publication status	Published - 2001

Keywords

Inflation
Wages
Prices
Markup
Competition
Industry structure

Access to Document

10.1080/00036840010021131

9 Citations
1 Discussion paper

Dundee Discussion Papers in Economics 121: Industry structure and the dynamics of price adjustment
Banerjee, A. & Russell, B., 2000, University of Dundee, (Dundee Discussion Papers in Economics; no. 121).
Research output: Working paper/Preprint › Discussion paper

File

Cite this

@article{b541f8622cea431eae3ec5cd222466a1,

title = "Industry structure and the dynamics of price adjustment",

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.",

keywords = "Inflation, Wages, Prices, Markup, Competition, Industry structure",

author = "Anindya Banerjee and Bill Russell",

note = "dc.sponsorship: ESRC Grants no: L116251015 and R000234954",

year = "2001",

doi = "10.1080/00036840010021131",

language = "English",

volume = "33",

pages = "1889--1901",

journal = "Applied Economics",

issn = "0003-6846",

publisher = "Taylor & Francis",

number = "15",

}

TY - JOUR

T1 - Industry structure and the dynamics of price adjustment

AU - Banerjee, Anindya

AU - Russell, Bill

N1 - dc.sponsorship: ESRC Grants no: L116251015 and R000234954

PY - 2001

Y1 - 2001

N2 - 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.

AB - 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.

KW - Inflation

KW - Wages

KW - Prices

KW - Markup

KW - Competition

KW - Industry structure

U2 - 10.1080/00036840010021131

DO - 10.1080/00036840010021131

M3 - Article

SN - 0003-6846

VL - 33

SP - 1889

EP - 1901

JO - Applied Economics

JF - Applied Economics

IS - 15

ER -

Industry structure and the dynamics of price adjustment

Abstract

Keywords

Access to Document

Fingerprint

Research output

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

Cite this