Konings, Jozef; Cayseele, Patrick Van; Warzynski, Frederic - William Davidson Institute, University of Michigan - 2003
This paper uses representative firm level panel data of 1,701 Bulgarian and 2,047 Romanian manufacturing firms to estimate price-cost margins and to analyze how these are affected by privatization and increased competitive pressure. The estimation method used, which is based on Roeger (1995),...