Price-cost margins and manufacturing industry structure: The case of a small economy with bilateral trade in manufactured goods |
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Authors: | R.W. Hutchinson |
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Affiliation: | New University of Ulster, Coleraine, Co. Londonderry, N. Ireland |
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Abstract: | The majority of empirical tests of the structure-performance model have examined the relationship between performance and domestic industry structure, although in recent work aspects of foreign competition have been included. In the context of a Republic of Ireland study, this paper attempts to extend the model by redefining the demand growth and import share variables and by including a measure of the relative competitiveness of foreign suppliers vis-á-vis domestic firms.The empirical results lend support to the proposed extension and suggest that in a small economy foreign competition has a more important impact on industry performance than competition among domestic firms. |
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