A carregar...
Publicação
Estimation of price-cost margins for Portuguese firms: a contribution for the assessment and monitoring of product market competition
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 766.8 KB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
This work project estimates price-cost margins for 163 Portuguese markets (defined at 3-digit level of CAE), with the aim of assessing the degree of product market competition. During the Economic and Financial Assistance Program of 2011-14, a set of product market reforms was implemented, with the objective of increasing competition in output markets. We provide a first assessment of the effectiveness of these reforms. We use Portuguese firm-level data to estimate price-cost margins, allowing for worker’s bargaining power. By then aggregating markets into sectors, our results allow us to conclude that the degree of competition did increase in most sectors.
Descrição
Palavras-chave
Competitiveness Portuguese economy Product market reform Mark-up