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@article{ Basile2009,
 title = {Pricing to market of Italian exporting firms},
 author = {Basile, Roberto and Nardis, Sergio de and Girardi, Alessandro},
 journal = {Applied Economics},
 number = {12},
 pages = {1543-1562},
 volume = {41},
 year = {2009},
 doi = {https://doi.org/10.1080/00036840601032219},
 urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-241140},
 abstract = {This paper investigates the pricing-to-market (PTM) behaviour of Italian exporting firms, using quarterly survey data by sector and by region over the period 1999q1-2005q2. A partial equilibrium imperfect competition model provides the structure according to which the orthogonality of structural shocks is derived. Impulse-response analysis shows non-negligible reactions of export-domestic price margins to unanticipated changes in cost competitiveness and in foreign and domestic demand levels, even though these effects appear to be of a transitory nature. For the period 1999-2001 a typical PTM behaviour emerges, while during the most recent years favourable foreign demand conditions allowed firms to increase their export-domestic price margins in face of a strong deterioration of their cost competitiveness. Macroeconomic implications of the observed PTM behaviour are also discussed.},
}