This paper tests for the presence of monopolistic price markups across UK
industrial sectors by testing for a non-zero covariance between the Solow residual and
various instruments. This follows the methodology of Hall (1988). We find evidence of
significant markups in the Manufacturing and Services sectors which together account for
more than 90% of total employment within the UK.
History
School
Business and Economics
Department
Economics
Published in
Applied Economics Letters
Citation
TURNER, P.M., 2018. Price-cost mark-ups in UK industry. Applied Economics Letters, 25(21), pp. 1557-1561.
This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/
Acceptance date
2018-01-14
Publication date
2018
Notes
This is an Accepted Manuscript of an article published by Taylor & Francis in Applied Economics Letters on 25 January 2018, available online: http://www.tandfonline.com/10.1080/13504851.2018.1430328.