Title:

Labour markups in the Polish food sector

Group publication title:

Argumenta Oeconomica

Creator:

Kufel-Gajda, Justyna

Subject and Keywords:

markups ; food sector

Description:

Argumenta Oeconomica, 2018, Nr 2 (41), s. 297-309

Abstrakt:

In the period 2000-2013 the Polish agro-food sector enjoyed a very dynamic growth. The research objective was to measure monopolistic markups based on labor input, which indicate the level of market power, with data and improved methodology proposed by Nekarda and Ramey [2013). The research object was the Polish food sector in the period 2002-2013. Taking into account overhead labor, CES production function and marginal wage different from average wage, six adjustments were used. Because of the corrections the average food sector markup increased from 17.7% of price in the baseline scenario to 67.9% of price when three corrections were implemented together. It appeared that the food sector markup in the analyzed period depending on the specification increased by 13.5 to 31.3%. Moreover, markups in the analyzed period proved to behave counter-cyclically regarding the business cycle.

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2018

Resource Type:

artykuł

Format:

application/pdf

Resource Identifier:

doi:10.15611/aoe.2018.2.13

Language:

eng

Relation:

Argumenta Oeconomica, 2018, Nr 2 (41)

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu