Markups in US food manufacturing accounting for non-neutral productivity (Record no. 134562)

MARC details
000 -LEADER
fixed length control field 01818nas a2200217Ia 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 241128c99999999xx |||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 1477-9552
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Jaumandreu, Jordi
9 (RLIN) 123633
245 #0 - TITLE STATEMENT
Title Markups in US food manufacturing accounting for non-neutral productivity
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Journal of Agricultural Economics
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 573-591
520 ## - SUMMARY, ETC.
Abstract We examine the evolution of productivity and markups in US food and beverage manufacturing from 1959 through 2018. We account for non-Hicks-neutral (labour-augmenting) productivity changes and compare markups with those in general manufacturing using the same dataset and model. We also compare our results with those of the increasingly popular De Loecker and Warzynski (2012, American Economic Review, 102, 2437) method, which does not account for non-Hicks-neutral productivity growth. Empirical results show that productivity growth in the food and beverage sector has been relatively slow and driven with equal intensity by Hicks-neutral and labour-augmenting productivity gains. General manufacturing shows higher productivity growth that is mostly labour-augmenting, with markups comparable to those of food manufacturing. We find that accounting for labour-augmenting productivity produces more moderate markup estimates than the De Loecker and Warzynski (2012) method. We also find no evidence of markups rising in either food manufacturing or general manufacturing in the last 20 years, in contrast to much of the recent economic literature.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Food Processing
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Market Power
9 (RLIN) 19583
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Markups
9 (RLIN) 123634
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Technology
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Productivity
9 (RLIN) 1621
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Lopez, Rigoberto
9 (RLIN) 123635
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://onlinelibrary.wiley.com/doi/abs/10.1111/1477-9552.12575">https://onlinelibrary.wiley.com/doi/abs/10.1111/1477-9552.12575</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 134562
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        Dr VKRV Rao Library Dr VKRV Rao Library 28/11/2024 Vol. 75, No. 2   AI820 28/11/2024 28/11/2024 Article Index