Markup heterogeneity, export status and the establishment of the euro Classification-JEL :C5,D43,F61,L16,L60

Year of publication:	2015-01
Authors:	Guillou, Sarah
Institutions:	Centre de recherche en Économie (OFCE), Sciences économiques
Subject:	Markups \| Heteterogeneity \| Euro \| Competition \| Export destinations Abstract :We investigate the effects of the establishment of the euro on the markups of French manufacturing firms. Merging firm-level census data with customs data \| we estimate time-varying firm-specific markups and distinguish between eurozone exporters from other firms between 1995 and 2007.We find that the establishment of the euro has had a pronounced pro-competitive impact by reducing firm markups by 14 percentage points. By reducing export costs \| the euro represented an opportunity for eurozone exporters to increase their margins relative to other firms. Quantile regressions show that the euro has led to a reduction in the variance of markups

Extent:	application/pdf
Series:	Documents de Travail de l'OFCE.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Document de travail Number 2015-01
Source:	RePEc - Research Papers in Economics

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