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Mark-Up Ratios in Manufacturing Industries: Estimates for 14 OECD Countries

Author

Listed:
  • Joaquim Oliveira Martins
  • Stefano Scarpetta
  • Dirk Pilat

Abstract

This paper provides estimates of mark-ups of product prices over marginal costs for 36 manufacturing industries in 14 OECD countries over the 1970- 1992 period. The estimates are based on the methodology put forward by Roeger (1995), extended to include intermediate inputs. After a discussion of analytical and data issues, the estimates are presented and shown to be smaller than those of previous studies. It is also shown that the level and dispersion of mark-ups are consistent with a priori views about characteristics of the market structure prevailing in each industry. Finally, the paper examines how mark-up estimates affect the estimated rate of growth of total factor productivity (TFP) ... Cette étude fournit des estimations sur le taux de marge des prix sur les coûts marginaux pour 36 industries manufacturières et 14 pays de l’OCDE pour la période 1970-1992. Les estimations utilisent l’approche mise au point par Roeger (1995) améliorée pour tenir compte des biens intermédiaires. L’étude commence par une discussion des problèmes méthodologiques et statistiques, et les estimations sont présentées. Dans l’ensemble, les taux de marge présentés ici sont beaucoup plus bas que ceux calculés dans d’autres études. Le niveau et la dispersion des taux de marge sont relativement cohérents avec l’idée a priori sur les caractéristiques des différentes structures de marché. En dernier lieu, il est examiné comment les estimations du taux de marge affectent la mesure de la productivité totale des facteurs (PTF) ...

Suggested Citation

  • Joaquim Oliveira Martins & Stefano Scarpetta & Dirk Pilat, 1996. "Mark-Up Ratios in Manufacturing Industries: Estimates for 14 OECD Countries," OECD Economics Department Working Papers 162, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:162-en
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    File URL: http://dx.doi.org/10.1787/007750682315
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