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Slovak firm level data as well. I find that the markups in Slovakia in fact declined since 2010, both in terms of value added … Slovakia evolve in excess of marginal costs. Slovak firm data shows that markups are also inversely associated to labor shares …
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Several models posit a positive cross-sectional correlation between markups and firm size, which, among others, characterizes misallocation, factor shares, and gains from trade. Yet, taking labor market power into account in markup estimation, we show that larger firms have lower markups. This...
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This paper investigates the evolution of aggregate productivity and markups among French manufacturing firms between 1994 and 2016, by focusing on the role of reallocation with respect to both aggregate measures. Firm-level productivity and markups are estimated based on a gross output translog...
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