Cyclicality of Markups in the EU Food Industry and the Michał Kalecki Theory
Journal Title: Acta Scientiarum Polonorum. Oeconomia - Year 2016, Vol 15, Issue 1
Abstract
The problem of markups cyclicality is nowadays one of the most urgent one, as the assumption of countercyclical markups is a key one in a number of neokeynesian macroeconomic models. The aim of the paper was to use the Kalecki theory to explain the mechanism behind the countercyclical markups in the EU and Polish food sectors taking advantage of literature review and logical reasoning. Moreover, as an answer for the newest studies indicating procyclical markups in the EU and the USA, it was checked, utilizing panel regressions, if the EU food sector markups cyclicality is different from that of other EU manufacturing industries. It was concluded, that although the Kalecki explanation of countercyclical markups is still in force regarding the EU countries food sector, it is no longer adequate in regards to the EU manufacturing sector.
Authors and Affiliations
Justyna Kufel
Keywords
Related Articles
- EP ID EP193680
- DOI -
- Views 117
- Downloads 0
Process Efficiency Searching and Matching on the Labour Market in Poland and Portugal - Comparative Analysis
The article compares the effectiveness of the matching processes at the labour market in Poland and Portugal. The relationship between the job vacancy rate and the unemployment rate has been illustrated by the Beveridge...
Dynamics of Labour Productivity Changes in Agriculture at the Regional Level in Selected European Union Countries
A comparison of the labour productivity disproportions in agriculture is usually carried out at the state level. Conducted research usually concerns the countries of the so-called old Union and newly admitted countries....
Economic Role of Agricultural Cooperativeness in Poland from the Perspective of Changes in the Food Chain
A food supply chain integrates three important economic sectors: agriculture, food processing, and distribution sectors. Integration processes are one out of different ways of efficiency’s improvement of supply chains; t...
The Cultural Paradigm in Marketing
The paper presents the nature and the underlying principles of the cultural paradigm in marketing, corresponding with the concept of value-based marketing. In management sciences, the postulated paradigm may be considere...
Informal Channels of Communication Used by Enterprises
To date, extant literature on the subject of word of mouth (WOM) has largely been devoted to the process of WOM communication from the consumer’s point of view. However, since companies are able to stimulate as well as e...