期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2014
出版社：European Central Bank
摘要：This article estimates price-cost margins for the Portuguese markets in a context of imperfect competitionin the labour market. The database used includes virtually the universe of Portuguese firms for the period2005-2009. The results strongly reject the hypothesis of perfect competition in both labour and productmarkets. Estimated price-cost margins are very heterogeneous across markets and the average for the overalleconomy ranges between 25 and 28 per cent, depending on the variables used to weight each market. Inaddition, the tradable sector presents a lower price-cost margin than the non-tradable sector. According tothe methodology used, workers’ bargaining power in the Portuguese economy is approximately 13 per cent,without a clear distinction between tradable and non-tradable sectors. Finally, workers’ bargaining power ishighly and positively correlated with price-cost margins across markets.
关键词：Market Competition; Portuguese Economy; Production Function
