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Global Declining Competition1

Global Declining Competition1 »

Source: Global Declining Competition

Volume/Issue: 2019/82

Series: IMF Working Papers

Author(s): Federico Diez , Jiayue Fan , and Carolina Villegas-Sánchez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 April 2019

ISBN: 9781498311113

Keywords: Total factor productivity, Capital stocks, Employment, Production, Production functions, Markups, Market power, TFP, Firm size, markup

Using a new firm-level dataset on private and listed firms from 20 countries, we document five stylized facts on market power in global markets. First, competition has declined around the world, measured as a moder...

Inflation Determinants in Paraguay

Inflation Determinants in Paraguay »

Source: Inflation Determinants in Paraguay : Cost Push versus Demand Pull Factors

Volume/Issue: 2008/270

Series: IMF Working Papers

Author(s): Brieuc Monfort , and Santiago Peña

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2008

ISBN: 9781451871289

Keywords: Core inflation, mark-up, pass-through., monetary aggregate, monetary aggregates, money supply, pass-through,

This article uses two analytical methodologies to understand the dynamics of inflation in Paraguay, the mark-up theory of inflation and the monetary theory of inflation. We also study the impact of different moneta...

International Trade and Corporate Market Power*

International Trade and Corporate Market Power* »

Source: International Trade and Corporate Market Power

Volume/Issue: 2020/131

Series: IMF Working Papers

Author(s): Jesus Gonzalez-Garcia , and Yuanchen Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2020

ISBN: 9781513550473

Keywords: Real sector, Economic policy, Economic reforms, Patterns of trade, Bilateral trade, Commodity trade, competition, developing countries, emerging markets, international trade

This paper examines the effect of international trade on corporate market power in emerging market economies and developing countries, with a special focus on sub-Saharan Africa. The analysis is based on a large fi...

Competition, Competitiveness and Growth in Sub-Saharan Africa

Competition, Competitiveness and Growth in Sub-Saharan Africa »

Source: Competition, Competitiveness and Growth in Sub-Saharan Africa

Volume/Issue: 2020/30

Series: IMF Working Papers

Author(s): Reda Cherif , Sandesh Dhungana , Xiangming Fang , Jesus Gonzalez-Garcia , Yuanchen Yang , Mustafa Yenice , and Jung Eun Yoon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 February 2020

ISBN: 9781513526379

Keywords: Economic integration, Trade policy, Global competitiveness, Total factor productivity, International trade agreements, Markups, Market Power, Competition, Sub-Saharan Africa, WP

Does greater product market competition improve external competitiveness and growth? This paper examines this question by using country-and firm-level data for a sample of 39 sub-Saharan African countries over 2000...

Globalization, Market Power, and the Natural Interest Rate

Globalization, Market Power, and the Natural Interest Rate »

Source: Globalization, Market Power, and the Natural Interest Rate

Volume/Issue: 2019/95

Series: IMF Working Papers

Author(s): Jean-Marc Natal , and Nicolas Stoffels

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2019

ISBN: 9781498311410

Keywords: Real interest rates, Market interest rates, Economic integration, Interest rates, Total factor productivity, low interest rate puzzle, globalization, natural interest rate, markups, real interest rate

We argue that strong globalization forces have been an important determinant of global real interest rates over the last five decades, as they have been key drivers of changes in the natural real interest rate-i.e....

The Effects of European Economic Integration on the Profitability of Industries

The Effects of European Economic Integration on the Profitability of Industries »

Source: The Effects of European Economic Integration on the Profitability of Industries

Volume/Issue: 1998/85

Series: IMF Working Papers

Author(s): Dalia Hakura

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1998

ISBN: 9781451850727

Keywords: Trade Discipline, European Economic Integration, Market Structure, Markups, import penetration, competition, import competition, world price, imperfect competition

This paper examines the effects of intensified international competition on industry profits in six European Union (EU) countries. The paper uses two methods to estimate industry profits. The traditional method use...

Market Power, Growth, and Inclusion: The South African Experience1

Market Power, Growth, and Inclusion: The South African Experience1 »

Source: Market Power, Growth, and Inclusion: The South African Experience

Volume/Issue: 2020/206

Series: IMF Working Papers

Author(s): Vimal Thakoor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2020

ISBN: 9781513557731

Keywords: Competition, Commodity markets, Private investment, Labor markets, Job creation, WP, market power, product market, firm, market concentration

Before the pandemic, the South African economy remained stuck in low gear, with anemic growth, stagnant private investment, and a shrinking tradable sector. Subdued growth has raised unemployment, poverty, and ineq...

Structural Reforms in the Euro Area

Structural Reforms in the Euro Area »

Source: Structural Reforms in the Euro Area : Economic Impact and Role of Synchronization Across Markets and Countries

Volume/Issue: 2006/137

Series: IMF Working Papers

Author(s): Luc Everaert , and Werner Schule

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2006

ISBN: 9781451863970

Keywords: markups, labor market, real interest rate, nominal interest rate, inflation, Forecasting and Other Model Applications, Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation,

Using the IMF's Global Economic Model, calibrated to the European Union, the effects of reform in product and labor markets are quantified for both a large and a small euro area economy. When markups in these marke...

South Africa

South Africa »

Source: South Africa : The Cyclical Behavior of the Markups and its Implications for Monetary Policy

Volume/Issue: 2011/204

Series: IMF Working Papers

Author(s): Nir Klein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2011

ISBN: 9781463902155

Keywords: Counter-cyclical markups, output gap-inflation co-movement, inflation, gdp deflator, monetary economics, inflation targeting framework, Market Structure and Pricing: Oligopoly and Other Forms of Market Imperfection,

The study looks at the cyclical behavior of the markups and assesses its impact on inflation dynamics. The analysis finds that the aggregate level of the private sector's markup is relatively high, thus pointing to...

Consumer Confusion

Consumer Confusion »

Source: Consumer Confusion : The Choice of AFORE

Volume/Issue: 2008/177

Series: IMF Working Papers

Author(s): Moisés Schwartz , Enrique Domínguez , and Roberto Calderón-Colín

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2008

ISBN: 9781451870350

Keywords: defined contribution, individual accounts, retirement savings, consumer choice, consumer confusion, noise distribution, mark-up, pension, pension fund, pension fund managers

This paper was prepared for the World Bank 4th Annual Contractual Savings Conference (Washington DC, April 2008) co-organized by Gregorio Impavido (gimpavido@imf.org). The article shows that account transfers among...