Markups, market imperfections, and trade openness : evidence from Ghana / Kaku Attah Damoah
Resource type: Ressourcentyp: Buch (Online)Buch (Online)Sprache: Englisch Reihen: World Bank E-Library Archive | Policy research working paper ; 9079Verlag: [Washington, DC, USA] : World Bank Group, Development Economics, Knowledge and Strategy Team, December 2019Beschreibung: 1 Online-Ressource (circa 41 Seiten) : IllustrationenSchlagwörter: Genre/Form: Andere physische Formen: Erscheint auch als: Markups, Market Imperfections, and Trade Openness: Evidence from Ghana. Druck-Ausgabe Washington, D.C : The World Bank, 2019DOI: DOI: 10.1596/1813-9450-9079Online-Ressourcen: Zusammenfassung: This paper investigates the impact of Ghana's World Trade Organization (WTO) accession on firm-level product and labor market imperfections. The paper exploits a rich dataset of firm-level information to estimate both markups and the degree of monopsony power enjoyed by manufacturing firms. The results indicate that price-cost margins declined while the degree of monopsony power increased in the wake of WTO accession. These diverging dynamics suggest that firms compress real wages to offset loss of market power in the product market due to increased international competition. This gives rise to an increase in the market imperfection gap, which gradually erodes the pro-competitive gains from trade. The paper contributes to the literature by identifying channels through which allocative inefficiencies and misallocation can persist even after trade liberalizationPPN: PPN: 1691177458Package identifier: Produktsigel: ZDB-110-WBL | ZDB-1-WBA | ZDB-110-WBODieser Titel hat keine Exemplare
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