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http://ssrn.com/abstract=2109410
 
 

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The Distribution of Monopolistic Markups in the Polish Economy


Jan Hagemejer


National Bank of Poland; University of Warsaw - Faculty of Economic Sciences

Piotr Popowski


National Bank of Poland

July 2, 2012


Abstract:     
Estimates of monopolistic markups are relatively scarce in the literature mostly due to lack of appropriate data and methodological difficulties, while their behaviour has important implications for the conduct of monetary policy. We estimate the monopolistic markups in the Polish economy in the period of 1995-2009 using Polish firm level data. We show the association of the markup level with the sectoral characteristics, type of good produced and the form of ownership, as well as investigate the impact of both internationalization and competitive pressure on the level of markups. We show a somewhat puzzling and at the same time robust increase in markups after the EU accession of the Polish economy to the EU in 2004. Moreover, in line with previous findings, we show that price cost margins are countercyclical with respect to the macroeconomic cycle and procyclical at sectoral level.

Number of Pages in PDF File: 38

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Date posted: July 18, 2012  

Suggested Citation

Hagemejer, Jan and Popowski, Piotr, The Distribution of Monopolistic Markups in the Polish Economy (July 2, 2012). Available at SSRN: http://ssrn.com/abstract=2109410 or http://dx.doi.org/10.2139/ssrn.2109410

Contact Information

Jan Hagemejer (Contact Author)
National Bank of Poland ( email )
00-919 Warsaw
Poland
University of Warsaw - Faculty of Economic Sciences ( email )
Dluga Street 44/50
Warsaw, 00-241
Poland
Piotr Popowski
National Bank of Poland ( email )
00-919 Warsaw
Poland
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References:  29

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