Saari, M. Yusof; Zakariah, A.R. - In: Philippine Review of Economics 44 (2007) 2, pp. 111-124
Industries can be classified into fix-price and flex-price sectors according to their pricing behavior. Although Hicks [1985] and Morishima [1984] have broadly classified manufacturing industries into fix-price and the rest of the economy into flex-price, using the cost-based input-output model,...