| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17925 |
| 来源ID | Working Paper 17925 |
| Prices, Markups and Trade Reform | |
| Jan De Loecker; Pinelopi K. Goldberg; Amit K. Khandelwal; Nina Pavcnik | |
| 发表日期 | 2012-03-23 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | This paper examines how prices, markups and marginal costs respond to trade liberalization. We develop a framework to estimate markups from production data with multi-product firms. This approach does not require assumptions on the market structure or demand curves faced by firms, nor assumptions on how firms allocate their inputs across products. We exploit quantity and price information to disentangle markups from quantity-based productivity, and then compute marginal costs by dividing observed prices by the estimated markups. We use India’s trade liberalization episode to examine how firms adjust these performance measures. Not surprisingly, we find that trade liberalization lowers factory-gate prices and that output tariff declines have the expected pro-competitive effects. However, the price declines are small relative to the declines in marginal costs, which fall predominantly because of the input tariff liberalization. The reason for this incomplete cost pass-through to prices is that firms offset their reductions in marginal costs by raising markups. Our results demonstrate substantial heterogeneity and variability in markups across firms and time and suggest that producers benefited relative to consumers, at least immediately after the reforms. |
| 主题 | International Economics ; Trade ; Industrial Organization ; Market Structure and Firm Performance |
| URL | https://www.nber.org/papers/w17925 |
| 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/575603 |
| 推荐引用方式 GB/T 7714 | Jan De Loecker,Pinelopi K. Goldberg,Amit K. Khandelwal,et al. Prices, Markups and Trade Reform. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17925.pdf（2793KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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