PL EN


2007 | 4 | 515-540
Article title

Monopolistic Markups and Returns to Scale in Poland. Evidence from the Firms Level

Title variants
Languages of publication
PL
Abstracts
EN
This article estimates returns to scale and monopolistic markups on a large sample of firms in the manufacturing and services sectors during 1996 -2004. Methodology based on instrumental variables allows joint estimation of both, scale elasticities as well as markups, while the unobserved changes in firm-specific productivities are under control. Results show significant and positive markups in the aggregate manufacturing sector and in several narrowly defined industries. Returns to scale vary, but they are more pronounced in manufacturing, than in service sectors. Markups in service sector are lower than expected. Sensitivity analysis suggests sufficient overall stability of results.
Year
Issue
4
Pages
515-540
Physical description
Document type
ARTICLE
Contributors
author
author
  • M. Gradzewicz, Narodowy Bank Polski, ul. Swietokrzyska 11/21, Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
08PLAAAA03717481
YADDA identifier
bwmeta1.element.8d2134b5-bb6a-3884-b758-1e910bfb065c
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