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American Economic Review: Vol. 102 No. 6 (October 2012)
AER Volume. 102, Issue 6 | 
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Markups and Firm-Level Export Status
Article Citation
De Loecker, Jan, and
Frederic Warzynski. 2012. "Markups and Firm-Level Export Status."
American Economic Review,
102(6): 2437-71.
DOI: 10.1257/aer.102.6.2437
DOI: 10.1257/aer.102.6.2437
Abstract
In this paper, we develop a method to estimate markups using plant-level
production data. Our approach relies on cost-minimizing producers and the existence of at least one variable input of production. The suggested empirical framework relies on the estimation of a production function and provides estimates of plant-level markups without specifying how firms compete in the product market. We rely on our method to explore the relationship between markups and export behavior. We find that markups are estimated significantly higher when controlling for unobserved productivity; that exporters charge, on average, higher markups and that markups increase upon export entry. (JEL D22, D24, F14, L11, L60)
Article Full-Text Access
Full-text Article
Additional Materials
Download Data Set (111.22 KB) | Online Appendix (262.04 KB)
Authors
De Loecker, Jan (Princeton U)
Warzynski, Frederic (Aarhus U)
Warzynski, Frederic (Aarhus U)
JEL Classifications
D22: Firm Behavior: Empirical Analysis
D24: Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
F14: Empirical Studies of Trade
L11: Production, Pricing, and Market Structure; Size Distribution of Firms
L60: Industry Studies: Manufacturing: General
D24: Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
F14: Empirical Studies of Trade
L11: Production, Pricing, and Market Structure; Size Distribution of Firms
L60: Industry Studies: Manufacturing: General
