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Formación de precios en la industria manufacturera de México. Resultados de una encuesta

Author

Listed:
  • Castañón, Vicente

    (Dirección de Precios, Salarios y Productividad del Banco de México)

  • Murillo, José Antonio

    (Dirección de Precios, Salarios y Productividad del Banco de México)

  • Salas, Javier

    (Dirección de Precios, Salarios y Productividad del Banco de México)

Abstract

This paper identifies the origins and types of price rigidities that are present in Mexican manufacturing industries. The results were obtained through a survey carried during the second semester of 2005 with 398 participating firms. The main findings may be summarized as follows: First, on average firms maintain their prices unchanged for a period close to six months. Second, the majority of firms review their prices schedules on a predetermined period of time; however, when significant shocks occur, more than half switch to a pricing strategy contingent on the evolution of the variables that affect their balance sheet. Third, price stickiness is mainly associated to production costs and to the existence of explicit and implicit contracts. Finally, prices’ reaction is sensible to the type and direction of the shocks that impact each company.// En este documento se identifica los orígenes y tipos de rigideces de precios que se presentan en la industria manufacturera mexicana. Así, con esa finalidad, durante el segundo semestre de 2005 se levantó una encuesta en la que participaron 398 empresas de dicho sector. Destacan del análisis correspondiente los siguientes resultados. Primero, las empresas mantienen en promedio sus precios sin cambio durante un periodo cercano a seis meses. Segundo, la mayor parte de ellas revisa sus precios en un lapso predeterminado; sin embargo, ante el impacto de perturbaciones significativas, más de la mitad de las compañías encuestadas suele modificar esta estrategia al efectuar revisiones contingentes al comportamiento de las variables que afectan su estado de resultados. Tercero, la inflexibilidad de los precios se asocia en la mayor parte de los casos a los costos de producción y a la existencia de contratos explícitos e implícitos. Cuarto, la reacción de los precios es sensible al tipo y dirección de las perturbaciones que afectan a cada empresa.

Suggested Citation

  • Castañón, Vicente & Murillo, José Antonio & Salas, Javier, 2008. "Formación de precios en la industria manufacturera de México. Resultados de una encuesta," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(297), pages 143-181, enero-mar.
  • Handle: RePEc:elt:journl:v:75:y:2008:i:297:p:143-181
    DOI: http://dx.doi.org/10.20430/ete.v75i297.394
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    File URL: http://www.eltrimestreeconomico.com.mx/index.php/te/article/view/394/442
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    Citations

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    Cited by:

    1. repec:cml:incocp:2en-11 is not listed on IDEAS
    2. Martha Misas A. & Enrique López E. & Juan Carlos Parra A., 2013. "La formación de precios en las empresas colombianas: evidencia a partir de una encuesta directa," Investigación Conjunta-Joint Research,in: Laura Inés D'Amato & Enrique López Enciso & María Teresa Ramírez Giraldo (ed.), Dinámica inflacionaria, persistencia y formación de precios y salarios, edition 1, chapter 11, pages 273-348 Centro de Estudios Monetarios Latinoamericanos, CEMLA.
    3. Klenow, Peter J. & Malin, Benjamin A., 2010. "Microeconomic Evidence on Price-Setting," Handbook of Monetary Economics,in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 6, pages 231-284 Elsevier.
    4. repec:cml:incoes:2en is not listed on IDEAS
    5. Ramos-Francia, Manuel & Torres, Alberto, 2008. "Inflation dynamics in Mexico: A characterization using the New Phillips curve," The North American Journal of Economics and Finance, Elsevier, vol. 19(3), pages 274-289, December.

    More about this item

    Keywords

    rigidez de precios; industria manufacturera; reacción asimétrica de precios; revisión de precios tiempo dependiente; revisión de precios estado dependiente;

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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