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Pricing in Australian Manufacturing *
Author(s) -
BLOCH HARRY
Publication year - 1992
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/j.1475-4932.1992.tb01786.x
Subject(s) - economics , competition (biology) , inflation (cosmology) , production (economics) , inflation rate , monetary economics , manufacturing , international economics , agricultural economics , business , interest rate , macroeconomics , ecology , physics , biology , theoretical physics , marketing
The rate of change of prices of competing foreign products and the rate of change of costs of domestic production are both found to have positive impact on the rate of domestic price inflation in a cross section of Australian manufacturing industries over the period from 1968‐69 to 1986‐87. Prices of competing foreign products are found to have more impact, while production costs are found to have less impact, the higher is the level of domestic concentration, supporting the hypothesis that foreign and domestic competition have interactive effects on domestic prices.