An interpretation of the behavior of the mark up in the Brazilian industry

An interpretation of the behavior of the mark up in the Brazilian industry

Our objective in this paper is to investigate the determinants of mark up in the Brazilian industrial firms in the 1990s, a period marked by slow economic dynamism and relevant changes in the macroeconomic environment. Based on the Post Keynesian theory of price determination, we discuss that price changes depend on decision about the mark up. The econometric exercise developed in this article shows how microeconomic and macroeconomic variables affected the determination of the mark up. A negative relation was found between demand variation and mark up variation, suggesting that it evolved in an anti-cyclical way.

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Main Authors: Aparecida Feijó,Carmem, Cerqueira,Luiz Fernando
Format: Digital revista
Language:English
Published: Universidad Nacional Autónoma de México, Facultad de Economía 2010
Online Access:http://www.scielo.org.mx/scielo.php?script=sci_arttext&pid=S0185-16672010000200003
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spelling oai:scielo:S0185-166720100002000032011-12-07An interpretation of the behavior of the mark up in the Brazilian industryAparecida Feijó,CarmemCerqueira,Luiz Fernando pricing decisions mark up determination micro and macroeconomic interactions Our objective in this paper is to investigate the determinants of mark up in the Brazilian industrial firms in the 1990s, a period marked by slow economic dynamism and relevant changes in the macroeconomic environment. Based on the Post Keynesian theory of price determination, we discuss that price changes depend on decision about the mark up. The econometric exercise developed in this article shows how microeconomic and macroeconomic variables affected the determination of the mark up. A negative relation was found between demand variation and mark up variation, suggesting that it evolved in an anti-cyclical way.info:eu-repo/semantics/openAccessUniversidad Nacional Autónoma de México, Facultad de EconomíaInvestigación económica v.69 n.272 20102010-06-01info:eu-repo/semantics/articletext/htmlhttp://www.scielo.org.mx/scielo.php?script=sci_arttext&pid=S0185-16672010000200003en
institution SCIELO
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country México
countrycode MX
component Revista
access En linea
databasecode rev-scielo-mx
tag revista
region America del Norte
libraryname SciELO
language English
format Digital
author Aparecida Feijó,Carmem
Cerqueira,Luiz Fernando
spellingShingle Aparecida Feijó,Carmem
Cerqueira,Luiz Fernando
An interpretation of the behavior of the mark up in the Brazilian industry
author_facet Aparecida Feijó,Carmem
Cerqueira,Luiz Fernando
author_sort Aparecida Feijó,Carmem
title An interpretation of the behavior of the mark up in the Brazilian industry
title_short An interpretation of the behavior of the mark up in the Brazilian industry
title_full An interpretation of the behavior of the mark up in the Brazilian industry
title_fullStr An interpretation of the behavior of the mark up in the Brazilian industry
title_full_unstemmed An interpretation of the behavior of the mark up in the Brazilian industry
title_sort interpretation of the behavior of the mark up in the brazilian industry
description Our objective in this paper is to investigate the determinants of mark up in the Brazilian industrial firms in the 1990s, a period marked by slow economic dynamism and relevant changes in the macroeconomic environment. Based on the Post Keynesian theory of price determination, we discuss that price changes depend on decision about the mark up. The econometric exercise developed in this article shows how microeconomic and macroeconomic variables affected the determination of the mark up. A negative relation was found between demand variation and mark up variation, suggesting that it evolved in an anti-cyclical way.
publisher Universidad Nacional Autónoma de México, Facultad de Economía
publishDate 2010
url http://www.scielo.org.mx/scielo.php?script=sci_arttext&pid=S0185-16672010000200003
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