全球智库信息集成服务系统(G2TT): Exchange Rate Pass-through and Industry Characteristics: The Case of Taiwan's Exports of Midstream Petrochemical Products

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w5749
来源ID	Working Paper 5749
	Exchange Rate Pass-through and Industry Characteristics: The Case of Taiwan's Exports of Midstream Petrochemical Products
	Kuo-Liang Wang; Chung-Shu Wu
发表日期	1996-09-01
出版年	1996
语种	英语
摘要	Based on 1986-1992 survey data of 22 midstream petrochemical industries in Taiwan, the empirical results of the export price, the markup ratio and the price-cost margin equations in this study show that Taiwan's petrochemical firms absorb only a small portion of a given weighted exchange rate change in their export prices, markup ratios and price-cost margins. It implies that Taiwan's petrochemical firms have a weak pricing-to-market pattern. The empirical results may be explained by the volatility of profitability, high market concentration and small export/domestic production share. However, the impacts of the exchange rate change on the export price, markup ratio and price-cost margin have a tendency to increase during the period of 1987" to 1992. The tendency might be attributed to increasing competition of the petrochemical markets in the world, or Taiwanese firms' gradual realization of the importance of holding their world market shares in response to the exchange rate change.
主题	International Economics ; International Finance ; Industrial Organization ; Market Structure and Firm Performance
URL	https://www.nber.org/papers/w5749
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/563237
推荐引用方式 GB/T 7714	Kuo-Liang Wang,Chung-Shu Wu. Exchange Rate Pass-through and Industry Characteristics: The Case of Taiwan's Exports of Midstream Petrochemical Products. 1996.

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w5749.pdf（1058KB）	智库出版物		限制开放	CC BY-NC-SA	浏览