Cyclical and Competitive Influences on Pricing in Australian Manufacturing.
Dynamic pricing equations are estimated using an error correction model, with data on a panel of 89 Australian manufacturing industries for the 14 years, 1971/72 through 1984/85. The overall pattern is consistent with prices approximately following a fixed mark-up rule in low concentration industries, while the mark-up factor in high concentration industries is strongly pro-cyclical. Also, in high concentration industries that are heavily exposed to import competition, the mark-up factor increases with prices of foreign competing products and with the general price level for domestic manufactures. Copyright 1999 by The Economic Society of Australia.
Year of publication: |
1999
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Authors: | Bloch, Harry ; Olive, Michael |
Published in: |
The Economic Record. - Economic Society of Australia - ESA, ISSN 1475-4932. - Vol. 75.1999, 230, p. 268-79
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Publisher: |
Economic Society of Australia - ESA |
Saved in:
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