Profitability and Price Flexibility in Manufacturing for a Developing Country
研究了马拉维这一混合市场发展中国家的制造业，发现营运资本和进口原材料等稀缺因素是价格成本边际的重要决定因素，且企业报告投入稀缺显著影响价格上调灵活性。
This paper reports on an econometric structure-performance model for a mixed-market developing economy, the East African state of Malawi. A simultaneous equation model, which was cross-sectionally heteroskedastic and time-wise autoregressive, was estimated by instrumental variables using published and some new unpublished data. A binary probit model was estimated using new primary source data. Scarce factors like working capital and imported raw materials were found to be significant determinants of price-cost margins. Further, for the firms in the survey, upward price flexibility was found to be significantly influenced by reported input scarcities. Copyright 1991 by Blackwell Publishing Ltd.