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Firm Product Scope, Oligopolistic Competition, and the Business Cycle : Evidence and Theory
Guo, Diyue - 2020
I investigate changes in product scope, the number of products that a firm offers, over the business cycle and decompose the impact of such changes on aggregate output. By using the Nielsen Retail Scanner data of U.S. consumer goods purchases for 2007- 2014, I find that firm product scope is an...
Persistent link: https://www.econbiz.de/10012828434
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Does Oligopolistic Banking Friction Amplify Small Open Economy’s Business Cycles? : Evidence From Australia
Afrin, Sadia - 2018
This paper studies financial friction arising from oligopolistic bank competition and its impacts on small open economy's business cycles by applying imperfect competition and endogenous firm entry theory. Using Australian data, the estimated model implies a counter-cyclical mark up in lending...
Persistent link: https://www.econbiz.de/10012917186
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Customer Capital, Markup Cyclicality, and Amplification
Hong, Sungki - 2019
This paper studies the importance of firm-level price markup dynamics for business cycle fluctuations. Using state-of-the-art IO techniques to measure the behavior of markups over the business cycle at the firm level, I find that markups are countercyclical with an average elasticity of -1.1...
Persistent link: https://www.econbiz.de/10013210491
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Customer capital, markup cyclicality, and amplification
Hong, Sungki - 2017
This paper studies the importance of firm-level price markup dynamics for business cycle fluctuations. Using state-of-the-art IO techniques to measure the behavior of markups over the business cycle at the firm level, I find that markups are countercyclical with an average elasticity of -1.1...
Persistent link: https://www.econbiz.de/10011782627
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The Price of Stability : Volatility and the Rise in Markups during the Great Moderation
Colla Rizzi, Giovanni; Lucke, Friedrich; Morzenti, Giovanni - 2023
During the Great Moderation, macroeconomic volatility declined while firm markups increased. We document a causal relationship between volatility and markups due to tacit collusion. We exploit the legalisation of interstate banking as an exogenous decrease in volatility. Using an instrumental...
Persistent link: https://www.econbiz.de/10014254341
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A Simple Business-Cycle Model with Schumpeterian Features
Costa, Luís F. - 2013
the process of product innovation is irreversible, introduces hysteresis in the business cycle. Expansionary shocks may …
Persistent link: https://www.econbiz.de/10013072861
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A Simple Business-Cycle Model with Schumpeterian Features
Costa, Luís F.; Dixon, Huw David - 2005
the process of product innovation is irreversible, introduces hysteresis in the business cycle. Expansionary shocks may …
Persistent link: https://www.econbiz.de/10014061676
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Global development cycles : redefining technological innovation cycles and their impacts within a global perspective
Gallis, Michael; Lorence Rall, Emily - In: International journal of innovation and technology … 9 (2012) 1, pp. 1-21
Persistent link: https://www.econbiz.de/10009551332
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The dynamics of skills : technology and business cycles
Cirillo, Valeria; Pianta, Mario; Nascia, Leopoldo - 2015
This article investigates the role of technology, education and wages in shaping the skill structure of employment … except managers experience job losses that are mainly driven by the introduction of process innovation. In services, a … hold. During the downswing most established links break down; in particular, product innovation loses its positive impact …
Persistent link: https://www.econbiz.de/10011390045
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Sector size, technical change and stability in the USA (1957 - 2006) : a Schumpeterian approach
Konstantakis, Konstantinos; Michaelides, Panayotis G.; … - In: International journal of social economics 41 (2014) 10, pp. 956-974
Persistent link: https://www.econbiz.de/10010459212