Publicação
Market power and fiscal policy in OECD countries
| dc.contributor.author | Afonso, António | |
| dc.contributor.author | Costa, Luis | |
| dc.date.accessioned | 2022-09-26T10:37:24Z | |
| dc.date.available | 2022-09-26T10:37:24Z | |
| dc.date.issued | 2013 | |
| dc.description.abstract | We compute average markups as a measure of market power throughout time and study their interaction with fiscal policy and macroeconomic variables in a VAR framework. From impulse-response functions, the results, with annual data for a set of 14 OECD countries, show that the markup (i) depicts a pro-cyclical behaviour with productivity shocks and (ii) a counter-cyclical behaviour with fiscal spending shocks. We also use a PVAR, increasing the efficiency in the estimations, which confirms the country-specific results. | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.citation | Afonso, António and Luís Costa. (2013)."Market power and fiscal policy in OECD countries". Applied Economics, Vol. 45, No. 32: pp. 4545-4555. | pt_PT |
| dc.identifier.doi | 10.1080/00036846.2013.795275 | pt_PT |
| dc.identifier.issn | 1466-4283 (Online) | |
| dc.identifier.uri | http://hdl.handle.net/10400.5/25595 | |
| dc.language.iso | eng | pt_PT |
| dc.publisher | Taylor & Francis Group | pt_PT |
| dc.subject | Fiscal Policy | pt_PT |
| dc.subject | Markup | pt_PT |
| dc.subject | VAR | pt_PT |
| dc.subject | PVAR | pt_PT |
| dc.title | Market power and fiscal policy in OECD countries | pt_PT |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | article | pt_PT |
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