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Marże monopolistyczne i przychody skali w gospodarce polskiej
[Monopolistic markups and returns to scale in the Polish economy]

Author

Listed:
  • Gradzewicz, Michal
  • Hagemejer, Jan

Abstract

This article estimates returns to scale and monopolistic markups on a large sample of Polish firms in the manufacturing and services sectors during 1996-2004. Methodology based on instrumental variables allows joint estimation of both, scale elasticities as well as markups, while the unobserved changes in firm-specific productivities are under control. Results show significant and positive markups in the aggregate manufacturing sector and in several narrowly defined industries. Returns to scale vary, but they are more pronounced in manufacturing, than in service sectors. Markups in service sector are lower than expected. Sensitivity analysis suggests sufficient overall stability of results.

Suggested Citation

  • Gradzewicz, Michal & Hagemejer, Jan, 2007. "Marże monopolistyczne i przychody skali w gospodarce polskiej [Monopolistic markups and returns to scale in the Polish economy]," MPRA Paper 46496, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:46496
    as

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    File URL: https://mpra.ub.uni-muenchen.de/46496/1/MPRA_paper_46496.pdf
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    References listed on IDEAS

    as
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    Citations

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    Cited by:

    1. Monika Lewandowska – Kalina, 2013. "Productivity dispersion and misallocation of resources: evidence from Polish industries," Working Papers 66, Department of Applied Econometrics, Warsaw School of Economics.
    2. Jakub Growiec, 2009. "Determinants of the Labor Share: Evidence from a Panel of Firms," NBP Working Papers 69, Narodowy Bank Polski.
    3. Tyrowicz, Joanna, 2009. "When Eastern Labour Markets Enter Western Europe CEECs. Labour Market Institutions upon Euro Zone Accession," MPRA Paper 15045, University Library of Munich, Germany.

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    More about this item

    Keywords

    Poland; returns to scale; monopolistic markups; sectoral returns to scale and markups;
    All these keywords.

    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • L6 - Industrial Organization - - Industry Studies: Manufacturing

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