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Inflation, Demand, Import Competition and Markups in Greek Manufacturing Industries

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Abstract

This paper explores the extent to which markups of selected Greek manufacturing industries are affected by the high level and variability of the inflation rate using annual industry data from the period 1958-1990. In addition, it is examined whether or not the state of demand, current or future, together with import competition exert any influence on markups. This empirical analysis may shed new light on the theoretical developments in new Keynesian economics that are currently formulated. JEL Classification: B2, C5, D4, E3. Keywords: Market Power, Inflation, Business Cycles, New Keynesian Economics.

Suggested Citation

  • Kaskarelis, Ioannis & Tsoulfidis, Lefteris, 1999. "Inflation, Demand, Import Competition and Markups in Greek Manufacturing Industries," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 52(2), pages 151-171.
    • Handle: RePEc:ris:ecoint:0274
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    Cited by:

    1. Tsoulfidis, Lefteris & Tsaliki, Persefoni, 2011. "Classical competition and regulating capital: theory and empirical evidence," MPRA Paper 51334, University Library of Munich, Germany, revised 2013.
    2. Asli Gunay & Kivilcim Metin-Ozcan & Erinc Yeldan, 2005. "Real wages, profit margins and inflation in Turkish manufacturing under post-liberalization," Applied Economics, Taylor & Francis Journals, vol. 37(16), pages 1899-1905.

    More about this item

    Keywords

    Market Power; Inflation; Business Cycles; New Keynesian Economics;
    All these keywords.

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)

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