Markup heterogeneity, export status ans the establishment of the euro
We investigate the effects of the establishment of the euro on the markups of French manufacturing firms. Merging firm-level census data with customs data, we estimate time-varying firm-specific markups and distinguish between eurozone exporters from other firms between 1995 and 2007. We find that the establishment of the euro has had a pronounced pro-competitive impact by reducing firm markups by 14 percentage points. By reducing export costs, the euro represented an opportunity for eurozone exporters to increase their margins relative to other firms. Quantile regressions show that the euro has led to a reduction in the variance of markups.
|Date of creation:||Jan 2015|
|Note:||View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-01101153|
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- Bernard, Andrew B. & Jensen, J. Bradford & Schott, Peter K., 2006.
"Survival of the best fit: Exposure to low-wage countries and the (uneven) growth of U.S. manufacturing plants,"
Journal of International Economics,
Elsevier, vol. 68(1), pages 219-237, January.
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- Andrew B. Bernard & J. Bradford Jensen & Peter K. Schott, 2003. "Survival of the Best Fit: Exposure to Low-Wage Countries and the (Uneven) Growth of US Manufacturing Plants," Working Paper Series WP03-3, Peterson Institute for International Economics.
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- Andrew B. Bernard & J. Bradford Jensen & Peter K. Schott, 2003. "Survival of the best fit: exposure to low-wage countries and the (uneven) growth of US manufacturing plants," IFS Working Papers W03/12, Institute for Fiscal Studies.
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- Flora Bellone & Patrick Musso & Lionel Nesta & Frederic Warzynski, 2014. "International Trade and Firm-level Markups when Location and Quality Matter," GREDEG Working Papers 2014-37, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.
- Flora Bellone & Patrick Musso & Lionel Nesta & Frederic Warzynski, 2014. "International Trade and Firm-Level Markups when Location and Quality Matter," Working Papers 2014-15, CEPII research center.
- Flora Bellone & Patrick Musso & Lionel Nesta & Frédéric Warzynski, 2016. "International Trade and Firm-Level Markups when Location and Quality Matter," Post-Print halshs-01062918, HAL.
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- Antoine Berthou & Lionel Fontagné, 2008. "The Euro Effects on the Firm and Product-Level Trade Margins: Evidence from France," Working Papers 2008-21, CEPII research center.
- Martin, Julien & Mejean, Isabelle, 2013. "Price dispersion and the euro: Micro heterogeneity and macro implications," International Review of Economics & Finance, Elsevier, vol. 26(C), pages 70-86. Full references (including those not matched with items on IDEAS)
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