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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP17490 |
DP17490 The remarkable stability of the US manufacturing markups | |
Jordi Jaumandreu | |
发表日期 | 2022-07-22 |
出版年 | 2022 |
语种 | 英语 |
摘要 | Many economists believe that US markups have been rising in the latest years. The recent release of the updated NBER-CES database, that aggregates the results of the Survey of Manufactures/Census of Manufactures 1958-2018 (61 years) in 473 industries, allows us to scrutinize this idea in manufacturing. We show that firms’ average markups over the last 20 years have been remarkably stable, and confirm this finding using firm-level data from Compustat. We then look at reasons by which it is easy to have illusions of rising markups. Surprisingly, they imply that we cannot discard the fact that the markup was stable the precedent 20 years too. |
主题 | Industrial Organization |
URL | https://cepr.org/publications/dp17490 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546585 |
推荐引用方式 GB/T 7714 | Jordi Jaumandreu. DP17490 The remarkable stability of the US manufacturing markups. 2022. |
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