The Dynamics of Price Cost Margins: Evidence from UK Manufacturing
This paper estimates the dynamics of price cost margins in UK manufacturing over the period 1989-1997 and links it to the implementation of the Single Market Program. Using the Hall-Roeger methodology, we find a dramatic decline in price cost margins by 25% after 1990. This suggests that firms anticipated the competitive shock induced by the Single Market Program, which created a more competitive environment. JEL Classification: F1, L1, L6.
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Volume (Year): 97 bis (2006)
Issue (Month): 5 ()
Pages: 303-318
| Handle: | RePEc:cai:reofsp:reof_073_0303 |
| Contact details of provider: | Web page: http://www.cairn.info/revue-de-l-ofce.htm
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References listed on IDEAS
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