Abstract
The new industrial organization theories as applied to macroeconomics predict that the relationship between the business cycle and profit mark-up is mediated by market structure. This prediction is tested using panel data on Indian manufacturing and evidence is found to support the above proposition. In particular, it is found that mark-ups are more counter-cyclical in concentrated industries.
| Original language | English |
|---|---|
| Pages (from-to) | 251-254 |
| Number of pages | 4 |
| Journal | Applied Economics Letters |
| Volume | 7 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 2000 |