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Markups, Bargaining power and Offshoring: An empirical Assessment

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Moreno Martín, Lourdes and Rodríguez Rodríguez, Diego (2011) Markups, Bargaining power and Offshoring: An empirical Assessment. The World Economy, 34 (9). pp. 1593-1627. ISSN 1467-9701

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Official URL: http://onlinelibrary.wiley.com/doi/10.1111/j.1467-9701.2011.01378.x/abstract



Abstract

This paper tests the pro-competitive effect of imports on product and labour markets for Spanish manufacturing firms in the period 1990-2005. In doing so, it takes into account the type of imported products: final vs intermediate. Markups are estimated following the procedure suggested by Roeger (1995) and including an efficient bargaining model. The observed heterogeneity among firms is parameterized to consider additional product standardization and market concentration. The results support the Imports as Market Discipline hypothesis for importers of final goods, while firms that offshore intermediate inputs show similar markups to non-importers. Additionally, the union bargaining power is smaller the more final-goods oriented imports are and the more homogeneous is the type of goods elaborated by firms.


Item Type:Article
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"Esta es la versión revisada previamente del siguiente artículo: Moreno, L. and Rodríguez, D. (2011), Markups, Bargaining Power and Offshoring: An Empirical Assessment1. The World Economy, 34: 1593–1627, se ha publicado en DOI: 10.1111/j.1467-9701.2011.01378.x. Este artículo puede ser utilizado con fines no comerciales de acuerdo con Términos y condiciones de Wiley para el autoarchivo ".

Subjects:Social sciences > Economics > World economy
Social sciences > Economics > Industrial organization
JEL:F12, L60, L13
ID Code:43306
Deposited On:13 Jul 2017 10:54
Last Modified:21 Jul 2017 10:57

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