Publication:
The Falling Price of Cement in Africa

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dc.contributor.authorLeone, Fabrizio
dc.contributor.authorMacchiavello, Rocco
dc.contributor.authorReed, Tristan
dc.date.accessioned2021-06-24T15:08:46Z
dc.date.available2021-06-24T15:08:46Z
dc.date.issued2021-06
dc.description.abstractPrices 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 not characterized by higher barriers to entry and, if anything, feature relatively more competitive conduct. The small size of many national markets, however, limits entry and competition and explains most of the higher markups. Policy implications are discussed.en
dc.identifierhttp://documents.worldbank.org/curated/en/727041624328488778/The-Falling-Price-of-Cement-in-Africa
dc.identifier.doi10.1596/1813-9450-9706
dc.identifier.urihttps://hdl.handle.net/10986/35826
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9706
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCEMENT
dc.subjectDEMAND ELASTICITY
dc.subjectINTERMEDIATE GOODS PRICE
dc.subjectMARKET POWER
dc.subjectOLIGOPOLY
dc.subjectFIRM ENTRY
dc.titleThe Falling Price of Cement in Africaen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleThe Falling Price of Cement in Africa
okr.date.disclosure2021-06-22
okr.date.doiregistration2025-04-10T11:11:52.035999Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/727041624328488778/The-Falling-Price-of-Cement-in-Africa
okr.guid727041624328488778
okr.identifier.doi10.1596/1813-9450-9706
okr.identifier.externaldocumentum090224b08872773d_1_0
okr.identifier.internaldocumentum33197068
okr.identifier.reportWPS9706
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/727041624328488778/pdf/The-Falling-Price-of-Cement-in-Africa.pdfen
okr.region.administrativeAfrica
okr.region.geographicalSub-Saharan Africa
okr.topicIndustry::Construction Industry
okr.topicIndustry::Industrial Economics
okr.unitDevelopment Research Group, Development Economics
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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