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Pricing in Australian Manufacturing

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  • Harry Bloch

Abstract

The rate of change of prices of competing foreign products and the rate of change of costs of domestic production are both found to have positive impact on the rate of domestic price inflation in a cross section of Australian manufacturing industries over the period from 1968‐69 to 1986‐87. Prices of competing foreign products are found to have more impact, while production costs are found to have less impact, the higher is the level of domestic concentration, supporting the hypothesis that foreign and domestic competition have interactive effects on domestic prices.
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Suggested Citation

  • Harry Bloch, "undated". "Pricing in Australian Manufacturing," Working Papers ec6/92, Department of Economics, University of Lancaster.
  • Handle: RePEc:wuk:lanedp:ec6/92
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    References listed on IDEAS

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    1. Feinberg, Robert M, 1986. "The Interaction of Foreign Exchange and Market Power Effects on German Domestic Prices," Journal of Industrial Economics, Wiley Blackwell, vol. 35(1), pages 61-70, September.
    2. Hancock, Keith, 1976. "The Relation between Changes in Costs and Changes in Product Prices in Australian Manufacturing Industries 1949-50 to 1967-68," The Economic Record, The Economic Society of Australia, vol. 52(137), pages 53-68, March.
    3. Saunders, Peter G, 1981. "Price Determination in Australian Manufacturing Firms: A Cross-Section Study," Australian Economic Papers, Wiley Blackwell, vol. 20(37), pages 359-375, December.
    4. Dixon, R J, 1983. "Industry Structure and the Speed of Price Adjustment," Journal of Industrial Economics, Wiley Blackwell, vol. 32(1), pages 25-37, September.
    5. Kardasz, Stanley W. & Stollery, Kenneth R., 1988. "Market structure and price adjustment in Canadian manufacturing industries," Journal of Economics and Business, Elsevier, vol. 40(4), pages 335-342, November.
    6. Dornbusch, Rudiger, 1987. "Exchange Rates and Prices," American Economic Review, American Economic Association, vol. 77(1), pages 93-106, March.
    7. Keith Hancock, 1976. "The Relation Between Changes in Costs and Changes in Product Prices in Australian Manufacturing Industries 1949–50 to 1967–68," The Economic Record, The Economic Society of Australia, vol. 52(1), pages 53-68, March.
    8. Hall, V B & Saunders, Peter, 1984. "Further Evidence from Survey Data on Australian Manufacturing Price Changes," The Economic Record, The Economic Society of Australia, vol. 60(168), pages 68-84, March.
    9. V. B. Hall & Peter Saunders, 1984. "Further Evidence from Survey Data on Australian Manufacturing Price Changes," The Economic Record, The Economic Society of Australia, vol. 60(1), pages 68-84, March.
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    Cited by:

    1. Baldwin, John R. Yan, Beiling, 2006. "Influences intérieures et étrangères sur les prix canadiens selon les mouvements cycliques du taux de change, 1974 à 1996," Série de documents de recherche sur l'analyse économique (AE) 2006043f, Statistics Canada, Direction des études analytiques.
    2. Harry Bloch & Michael Olive, 1999. "Cyclical and Competitive Influences on Pricing in Australian Manufacturing," The Economic Record, The Economic Society of Australia, vol. 75(3), pages 268-279, September.
    3. Harry Bloch & Michael Olive, 2003. "Influences on Pricing and Markup in Segmented Manufacturing Markets," Journal of Industry, Competition and Trade, Springer, vol. 3(1), pages 87-107, March.
    4. Fiebig, Denzil G. & Uldry, Pierre-Francois, 1999. "Sensitivity bounds for use with flawed data," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 48(4), pages 479-486.
    5. Michael Olive, 2008. "Scale economies with regard to price adjustment costs and the speed of price adjustment in Australian manufacturing," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(1), pages 63-75.
    6. Olive, Michael, 2004. "Pricing behaviour in Japanese manufacturing: a comparative study," Japan and the World Economy, Elsevier, vol. 16(4), pages 417-429, December.
    7. Harry Bloch & James McDonald, 2001. "Import Competition and Labor Productivity," Journal of Industry, Competition and Trade, Springer, vol. 1(3), pages 301-319, September.
    8. Baldwin, John R. & Yan, Beiling, 2008. "Domestic and foreign influences on Canadian prices," International Review of Economics & Finance, Elsevier, vol. 17(4), pages 546-557, October.
    9. Harry Bloch & Michael Olive, 2001. "Pricing over the Cycle," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 19(1), pages 99-108, August.
    10. Nilss Olekalns, 1995. "The Effect of Nominal Demand Shocks on Manufacturing Output: Evidence from Disaggregated Australian Data," The Economic Record, The Economic Society of Australia, vol. 71(1), pages 66-76, March.
    11. John R. Baldwin & Beiling Yan, 2007. "Exchange Rate Cycles and Canada/US Manufacturing Prices," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 143(3), pages 508-533, October.
    12. Harry Bloch & A. Michael Dockery & David Sapsford, 2006. "Commodity Prices and the Dynamics of Inflation in Commodity‐Exporting Nations: Evidence from Australia and Canada," The Economic Record, The Economic Society of Australia, vol. 82(s1), pages 97-109, September.
    13. Kaludura Abayasiri-Silva & Mark Horridge, 1998. "The Effects of Current Fiscal Restraint on the Australian Economy: an Applied General Equilibrium Analysis with Imperfect Competition," Centre of Policy Studies/IMPACT Centre Working Papers op-91, Victoria University, Centre of Policy Studies/IMPACT Centre.
    14. Harry Bloch & Michael Olive, 2007. "The Speed and Stability of Price Adjustment in Australian Manufacturing," The Economic Record, The Economic Society of Australia, vol. 83(s1), pages 46-56, September.

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