ITEM METADATA RECORD
Title: The effects of privatization and competitive pressure on firms' price-cost margins: Micro evidence from emerging economies
Authors: Konings, Joep ×
Van Cayseele, Patrick
Warzynski, F #
Issue Date: Feb-2005
Series Title: Review of Economics and Statistics vol:87 issue:1 pages:124-134
Abstract: This paper uses representative panel data on 1,701 Bulgarian and 2,047 Romanian manufacturing firms to analyze how price-cost margins are affected by privatization and competitive pressure. Privatization is associated with higher price-cost margins. This effect is stronger in highly competitive sectors, which suggests that the creation of competitive markets and privatization go together. It also suggests that privatized firms reduce costs rather than increase prices, as in highly competitive markets firms are more likely pricetakers. Import penetration is associated with lower price-cost margins in sectors where product market concentration is high, but in more competitive sectors this effect is reversed.
URI: 
ISSN: 0034-6535
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Center of Monetary and Information Economics, Leuven
× corresponding author
# (joint) last author

Files in This Item:
File Status SizeFormat
RESPVC.pdf Published 97KbAdobe PDFView/Open Request a copy

These files are only available to some KU Leuven Association staff members

 




All items in Lirias are protected by copyright, with all rights reserved.

© Web of science