کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5092634 | 1375945 | 2010 | 17 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Market power, EU integration and privatization: The case of Romania
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
This paper investigates the effects on pricing behavior of firms in a transition economy resulting from integration into the European Union's Common Market and changes in ownership. We use a semiparametric model with a rich panel of manufacturing firms in Romania from 1995 to 2003 to estimate firm-level markups. We find that markups are higher in more concentrated industries and less exposed to foreign competition. Trade integration appears to generally increase competitive pressure on markups. Industries exposed to more international competition experience a larger change in markups following integration into the European Union's Common Market. However, as the initial impact of tariff reduction fades away, higher markups become an important element in firms' pricing strategies. We also find that foreign firms and private domestic firms charge significantly higher markups on average than state-owned enterprizes.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Comparative Economics - Volume 38, Issue 3, September 2010, Pages 340-356
Journal: Journal of Comparative Economics - Volume 38, Issue 3, September 2010, Pages 340-356
نویسندگان
Gabriel Asaftei, Christopher F. Parmeter,