Markups in Greek manufacturing amid crisis: a 2010-2015 analysis

This paper investigates the determinants of markup variations in the Greek manufacturing sector, amid crisis, with a focus on the implications for competition, productivity, and policy design. By analysing how internal devaluation and structural reforms have shaped firm-level pricing power, the study offers evidence-based insights to guide more balanced economic policies. While higher markups can signal efficiency and innovation, they may also reflect diminished competition and reduced consumer welfare. The research highlights the importance of fostering competitive markets through targeted industrial strategies that can sustain firm competitiveness without enabling excessive pricing power. .