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data for the U.S. and Japan from 1960 through 1981. The empirical results suggest that markups for manufacturing firms in … the U.S. and Japan have increased over time, but tend to be procyclical in the U.S. and countercyclical in Japan. This …
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Markup, or the ratio of price to cost, depends on the firm's attributes and the market environment where the firm operates. This paper empirically studies the relationship between the markups of firms and their firm-to-firm transactional status. More specifically, we analyze the correlation...
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