University of Hertfordshire

An Investigation of the Degree of Market Power in the Greek Manufacturing and Service Industries

Research output: Contribution to journalArticlepeer-review

Standard

An Investigation of the Degree of Market Power in the Greek Manufacturing and Service Industries. / Amountzias, Chrysovalantis.

In: Journal of Industry, Competition and Trade, Vol. 17, No. 4, 31.12.2017, p. 447-464.

Research output: Contribution to journalArticlepeer-review

Harvard

APA

Vancouver

Author

Bibtex

@article{63f7bbaedffd45779965db05096a31b1,
title = "An Investigation of the Degree of Market Power in the Greek Manufacturing and Service Industries",
abstract = "This paper investigates the degree of market power in the Greek manufacturing and service industries over the period 1970–2007. The markup model developed by Hall (1988) and Roeger (1995) is taken into consideration where market power is expressed as the difference between the selling price and the marginal cost of production. The analysis will be conducted in three steps; the first step estimates the price-cost margin of the manufacturing and services industries over 1970–2007; the second step applies the cross section specification under which the markup ratio is obtained for the 23 manufacturing and 26 service 2-digit ISIC sectors of the panel sample; and the third step estimates the price-cost margin of the manufacturing and services industries for each year over 1973–2007 by employing the Hall-Roeger time series specification. The empirical findings suggest that both industries exert a positive markup ratio; however, the service industry appears to be less competitive than the manufacturing industry.",
keywords = "Markup ratio, Greece, Manufacturing industry, Service industry, Competition, Hall-Roeger approach",
author = "Chrysovalantis Amountzias",
note = "This document is the Accepted Manuscript version of the following article: Chrysovalantis Amountzias, {\textquoteleft}An Investigation of the Degree of Market Power in the Greek Manufacturing and Service Industries{\textquoteright}, Journal of Industry, Competition and Trade, Vol. 17 (4): 447-464, December 2017. The final publication is available at Springer via http://dx.doi.org/10.1007/s10842-017-0245-4 ",
year = "2017",
month = dec,
day = "31",
doi = "10.1007/s10842-017-0245-4",
language = "English",
volume = "17",
pages = "447--464",
journal = "Journal of Industry, Competition and Trade",
issn = "1566-1679",
publisher = "Springer Verlag",
number = "4",

}

RIS

TY - JOUR

T1 - An Investigation of the Degree of Market Power in the Greek Manufacturing and Service Industries

AU - Amountzias, Chrysovalantis

N1 - This document is the Accepted Manuscript version of the following article: Chrysovalantis Amountzias, ‘An Investigation of the Degree of Market Power in the Greek Manufacturing and Service Industries’, Journal of Industry, Competition and Trade, Vol. 17 (4): 447-464, December 2017. The final publication is available at Springer via http://dx.doi.org/10.1007/s10842-017-0245-4

PY - 2017/12/31

Y1 - 2017/12/31

N2 - This paper investigates the degree of market power in the Greek manufacturing and service industries over the period 1970–2007. The markup model developed by Hall (1988) and Roeger (1995) is taken into consideration where market power is expressed as the difference between the selling price and the marginal cost of production. The analysis will be conducted in three steps; the first step estimates the price-cost margin of the manufacturing and services industries over 1970–2007; the second step applies the cross section specification under which the markup ratio is obtained for the 23 manufacturing and 26 service 2-digit ISIC sectors of the panel sample; and the third step estimates the price-cost margin of the manufacturing and services industries for each year over 1973–2007 by employing the Hall-Roeger time series specification. The empirical findings suggest that both industries exert a positive markup ratio; however, the service industry appears to be less competitive than the manufacturing industry.

AB - This paper investigates the degree of market power in the Greek manufacturing and service industries over the period 1970–2007. The markup model developed by Hall (1988) and Roeger (1995) is taken into consideration where market power is expressed as the difference between the selling price and the marginal cost of production. The analysis will be conducted in three steps; the first step estimates the price-cost margin of the manufacturing and services industries over 1970–2007; the second step applies the cross section specification under which the markup ratio is obtained for the 23 manufacturing and 26 service 2-digit ISIC sectors of the panel sample; and the third step estimates the price-cost margin of the manufacturing and services industries for each year over 1973–2007 by employing the Hall-Roeger time series specification. The empirical findings suggest that both industries exert a positive markup ratio; however, the service industry appears to be less competitive than the manufacturing industry.

KW - Markup ratio

KW - Greece

KW - Manufacturing industry

KW - Service industry

KW - Competition

KW - Hall-Roeger approach

U2 - 10.1007/s10842-017-0245-4

DO - 10.1007/s10842-017-0245-4

M3 - Article

VL - 17

SP - 447

EP - 464

JO - Journal of Industry, Competition and Trade

JF - Journal of Industry, Competition and Trade

SN - 1566-1679

IS - 4

ER -