Prices for several intermediate inputs, including cement, are higher in developing economies—particularly in Africa. Combining data from the International Comparison Program with a global directory of cement plants we estimate an industry equilibrium model to distinguish between drivers of international price dispersion: demand, costs, conduct, and entry. Developing economies feature both higher marginal costs and higher markups. African markets are...
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INFORMACIÓN
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2021/06/22
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS9706
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1
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1
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2021/06/22
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Disclosed
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The Falling Price of Cement in Africa
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development research group