The intertemporal stability of the concentration-margins relationship in Dutch and U.S. manufacturing
April 1994
Article
volume 9, issue 2 pp 193-209.
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Factors influencing price-cost margins are investigated using a rich panel data base of the Dutch manufacturing sector. Attention is devoted to the intertemporal stability of the relationship explaining price-cost margins and to a comparison with U.S. results. Our results indicate that isolated cross-section analyses can be misleading. Evidence is provided for similarities and dissimilarities between the U.S. and the Netherlands when explaining price-cost margins. Dutch margins are influenced by industry-specific factors such as sales changes, import competition, capital intensity and operating expenses. Domestic seller concentration, aggregate capacity utilization and export intensity play no distinct roles.
Keywords
Automatically Extracted Terms
- price-cost margins
- margin
- industry
- price-cost
- dutch
- concentration
- period
- result
- manufacturing
- intensity
- netherland
- investment
- producer goods industries
- ratio
- coefficient
- influence
- seller concentration
- market
- table
- investment intensity
