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dc.contributor.authorAmountzias, Chrysovalantis
dc.date.accessioned2017-03-14T18:21:06Z
dc.date.available2017-03-14T18:21:06Z
dc.date.issued2017-12-31
dc.identifier.citationAmountzias , C 2017 , ' An Investigation of the Degree of Market Power in the Greek Manufacturing and Service Industries ' , Journal of Industry, Competition and Trade , vol. 17 , no. 4 , pp. 447-464 . https://doi.org/10.1007/s10842-017-0245-4
dc.identifier.issn1566-1679
dc.identifier.otherPURE: 11226200
dc.identifier.otherPURE UUID: 63f7bbae-dffd-4577-9965-db05096a31b1
dc.identifier.otherScopus: 85011620752
dc.identifier.otherORCID: /0000-0002-7013-7032/work/32383948
dc.identifier.urihttp://hdl.handle.net/2299/17718
dc.descriptionThis document is the Accepted Manuscript version of the following article: Chrysovalantis Amountzias, ‘An Investigation of the Degree of Market Power in the Greek Manufacturing and Service Industries’, Journal of Industry, Competition and Trade, Vol. 17 (4): 447-464, December 2017. The final publication is available at Springer via http://dx.doi.org/10.1007/s10842-017-0245-4
dc.description.abstractThis paper investigates the degree of market power in the Greek manufacturing and service industries over the period 1970–2007. The markup model developed by Hall (1988) and Roeger (1995) is taken into consideration where market power is expressed as the difference between the selling price and the marginal cost of production. The analysis will be conducted in three steps; the first step estimates the price-cost margin of the manufacturing and services industries over 1970–2007; the second step applies the cross section specification under which the markup ratio is obtained for the 23 manufacturing and 26 service 2-digit ISIC sectors of the panel sample; and the third step estimates the price-cost margin of the manufacturing and services industries for each year over 1973–2007 by employing the Hall-Roeger time series specification. The empirical findings suggest that both industries exert a positive markup ratio; however, the service industry appears to be less competitive than the manufacturing industry.en
dc.format.extent18
dc.language.isoeng
dc.relation.ispartofJournal of Industry, Competition and Trade
dc.rightsEmbargoed
dc.subjectMarkup ratio
dc.subjectGreece
dc.subjectManufacturing industry
dc.subjectService industry
dc.subjectCompetition
dc.subjectHall-Roeger approach
dc.titleAn Investigation of the Degree of Market Power in the Greek Manufacturing and Service Industriesen
dc.contributor.institutionHertfordshire Business School
dc.contributor.institutionDepartment of Accounting, Finance and Economics
dc.contributor.institutionOrganisation, Markets and Policy Research Group
dc.description.statusPeer reviewed
dc.date.embargoedUntil2018-02-02
dc.relation.schoolHertfordshire Business School
dc.description.versiontypeFinal Accepted Version
dcterms.dateAccepted2017-12-31
rioxxterms.versionAM
rioxxterms.versionofrecordhttps://doi.org/10.1007/s10842-017-0245-4
rioxxterms.licenseref.urihttp://creativecommons.org/licenses/by/4.0/
rioxxterms.licenseref.startdate2018-02-02
rioxxterms.typeJournal Article/Review
herts.preservation.rarelyaccessedtrue
herts.date.embargo2018-02-02
herts.rights.accesstypeEmbargoed


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