The business cycle, market structure and mark-ups: an Indian case study

Authors
Chand, S Sen, K
Citation
S. Chand et K. Sen, The business cycle, market structure and mark-ups: an Indian case study, APPL ECON L, 7(4), 2000, pp. 251-254
Citations number
13
Categorie Soggetti
Economics
Journal title
APPLIED ECONOMICS LETTERS
ISSN journal
13504851 → ACNP
Volume
7
Issue
4
Year of publication
2000
Pages
251 - 254
Database
ISI
SICI code
1350-4851(200004)7:4<251:TBCMSA>2.0.ZU;2-W
Abstract
The new industrial organization theories as applied to macroeconomics predi ct that the relationship between the business cycle and profit mark-up is m ediated by market structure. This prediction is tested using panel data on Indian manufacturing and evidence is found to support the above proposition . In particular, it is found that mark-ups are more counter-cyclical in con centrated industries.