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Fix- or flex-price behavior? : evidence from the Malaysian manufacturing sector

Author

Listed:
  • M. Yusof Saari

    (University of Groningen, The Netherlands)

  • A.R. Zakariah

    (Universiti Putra Malaysia)

Abstract

Industries can be classified into fix-price and flex-price sectors according to their pricing behavior. Although Hicks [1985] and Morishima [1984] have broadly classified manufacturing industries into fix-price and the rest of the economy into flex-price, using the cost-based input-output model, the present paper reclassifies the Malaysian manufacturing industries into fix-price and flex-price categories. By compiling annual sectoral price indices, both for intermediate and primary inputs, the paper found that most of the flex-price manufacturing industries are from non-agro-based industries whereas most of the fix-price industries are from agro-based industries.

Suggested Citation

  • M. Yusof Saari & A.R. Zakariah, 2007. "Fix- or flex-price behavior? : evidence from the Malaysian manufacturing sector," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 44(2), pages 111-124, December.
    • Handle: RePEc:phs:prejrn:v:44:y:2007:i:2:p:111-124
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    File URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/492/632
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    More about this item

    Keywords

    input-output; fix price; flex price; residual profits;
    All these keywords.

    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design

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