Farinas, Jose C.; Huergo, Elena - In: Oxford Bulletin of Economics and Statistics 65 (2003) 1, pp. 49-72
The objective of this paper is to investigate the cyclical behaviour of markups, using a panel of Spanish manufacturing firms over the period 1990--1998. Margins are estimated from the optimal conditions derived from the firm"s optimisation problem, which assumes that labour inputs are subject...
