Industry structure and the dynamics of price adjustment

被引：7
|
作者：
Banerjee, A [1 ]
Russell, B [1 ]
机构：
[1] European Univ Inst, Dept Econ, I-50016 San Domenico Di Fiesole, Italy
来源：
APPLIED ECONOMICS | 2001年 / 33卷 / 15期
关键词：
D O I：
10.1080/00036840010021131
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Using annual US data for gross domestic product originating by sector between 1947 and 1997 it is shown that a negative long-run relationship between inflation and the markup is present across the sectors as well as in the aggregate data. A preliminary explanation based on industry structure is explored for the relative sizes of the impact of inflation on the markup in the long-run for the various sectors.
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页码：1889 / 1901
页数：13
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