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：2008
卷号：1
出版社：European Central Bank
摘要：This paper provides estimates of price-marginal cost ratios or mark- ups for 50 sectors in 8 euro area countries and the US over the period 1981-2004. The estimates are obtained applying the methodology de- veloped by Roeger (1995) on the EU KLEMS March 2007 database. Five stylized facts are derived. First, perfect competition can be re- jected for almost all sectors in all countries; markup ratios are gener- ally larger than 1. Second, average markups are heterogenous across countries. Third, markups are heterogeneous across sectors, with ser- vices having higher markups on average than manufacturing. Fourth, services sectors generally have higher markups in the euro area than the US, whereas the pattern is the reverse for manufacturing. Fifth, there is no evidence that there is a broad range change in markups from the eighties to the nineties
