- Tytuł:
- Modelling cyclical variation in the cost pass-through: a regime-dependent approach
- Autorzy:
- Konopczak, Karolina
- Powiązania:
- https://bibliotekanauki.pl/articles/1043917.pdf
- Data publikacji:
- 2020-12-30
- Wydawca:
- Główny Urząd Statystyczny
- Tematy:
-
non-linear cointegration
regime-dependence
cost pass-through
markup cyclicality - Opis:
- In this study a regime-dependent ARDL model is developed in order to investigate how labour costs feed through into prices conditional on the business cycle position. Its estimates enable inference on the cyclical behaviour of markups. The proposed methodology is applied to the Polish industrial sectors. The obtained estimates point to procyclicality as the prevailing pattern of markup adjustment. Thus, overall markups in the Polish industry seem to have a mitigating effect on business cycle fluctuations. The degree of procyclicality seems, however, to be positively correlated with the degree of the industry's competitiveness.
- Źródło:
-
Przegląd Statystyczny; 2020, 67, 2; 97-113
0033-2372 - Pojawia się w:
- Przegląd Statystyczny
- Dostawca treści:
- Biblioteka Nauki
Artykuł