Endogenous Markups, International Trade, and the Product Mix

被引:8
作者
Altomonte C. [1 ]
Barattieri A. [2 ]
机构
[1] Department of Institutional Analysis and Public Management, Bocconi University and FEEM, via Roentgen 2, Milan
[2] ESG UQAM, Economics Department, Case Postale 8888, Sucursale Centre-ville, Montreal, H3C 3P8, QC
关键词
Price cost margins; Product mix; Trade openness;
D O I
10.1007/s10842-014-0181-5
中图分类号
学科分类号
摘要
We investigate the effects of import penetration on the estimated price–cost margins of more than 28,000 firms operating in the Italian manufacturing sector. In the period considered (1998–2003), we find on average broad evidence of pro-competitive gains from trade. However, when performing the same analysis at a more detailed industry level, we find substantial heterogeneity in the responses: in some industries the increased exposure to international trade is associated with higher, rather than lower, markups, while in others the relationship is not significant. In particular, the industries in which we find a positive impact of import penetration on markups exhibit, on average, a larger variation in the composition of their product-mix. © 2014, Springer Science+Business Media New York.
引用
收藏
页码:205 / 221
页数:16
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