Bennouna, Hicham - In: International Journal of Economics and Financial Issues 5 (2015) 1, pp. 281-287
We follow Brouwer and Ericsson (1998) approach in order to estimate a mark-up model of price over unit costs in Morocco from 1997q1 to 2013q2. This kind of models assumes that the equilibrium price level is set as a markup on some combination of input prices. Therefore, by estimating the...