Cost behaviour literature is expanding its reach beyond developed economies; however, there is limited knowledge about its causes in emerging economies. This is an exploratory study of sticky costs behaviour determinants in Argentina, a country with periodic political and economic turbulence. The purpose of this paper is to test the effect of GDP, asset intensity, industry and cost type in an inflationary context.,Anderson et al. (2003) empirical regression (ABJ model) is replicated in Argentina with 667 observations from 96 firms between the years 2004 and 2012. It uses panel data and variables are defined as change rates between two periods. The sample excludes financial and insurance firms. It tests if sticky cost behaviour changes in periods of macroeconomic deceleration, or in firms belonging to industries with different asset intensity levels, or among different cost types.,The analysis shows that costs are sticky in Argentina, where a superb economic outlook is required to delay cutting resources or increasing costs. Cost behaviour is affected by social and cultural factors, such as labour inflexibility driven by powerful unions and not by protective employment laws, asset intensity (industry) and macroeconomic environment. Results suggest that costs are sticky for aggregate samples, but not for all subsamples.,Administrative costs are sticky when GDP grows; but when growth declines, managers or firms do not delay cost cutting actions. Some subsamples are extreme cases of stickiness while others are anti-sticky, casting some doubt on the usefulness of sticky costs empirical tests applied to country-wide samples. Careful selection of observations for sticky costs studies in emerging economies is critical.,Evidence from previous studies show that on average costs are remarkably sticky in Argentina; this study shows that cost reduction activities occur faster but are not persistent enough to change the aggregated long-term results of cost stickiness in the presence of moderate to high inflation. The study contributes to the literature by suggesting that observations used in sticky costs studies from emerging economies might be mainly from positive macroeconomic environments, might have skewed results due to extreme cases of stickiness or might be distorted by inflation.

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新兴经济体的成本行为有何不同？来自阿根廷的证据

成本行为文献正在将其范围扩大到发达经济体之外。但是，对于新兴经济体中其成因的了解却很少。这是对阿根廷的固定成本行为决定因素的探索性研究，阿根廷是一个政治和经济动荡不安的国家。本文的目的是在通货膨胀的背景下检验GDP，资产强度，行业和成本类型的影响。（2003）经验回归（ABJ模型）在阿根廷复制，使用了2004年至2012年期间96家公司的667项观测值。它使用面板数据，变量定义为两个时期之间的变化率。该样本不包括金融和保险公司。它测试在宏观经济减速期间粘性成本行为是否发生变化，分析表明，在阿根廷，成本是粘性的，阿根廷需要一个极好的经济前景来延迟削减资源或增加成本。成本行为受社会和文化因素的影响，例如强大的工会推动的劳动力僵化，而不是受保护性的就业法律，资产强度（行业）和宏观经济环境的影响。结果表明，成本对总样本而言具有粘性，但并非对所有子样本均具有粘性。行政成本在GDP增长时具有粘性。但是当增长下降时，经理或公司不会延迟削减成本的行动。一些子样本是粘性的极端情况，而另一些子样本是反粘性的，这使得对在全国范围内进行的样本的粘性成本实证测试的有效性产生了怀疑。仔细选择新兴经济体粘性成本研究的观察值至关重要。以往研究的证据表明，阿根廷的平均成本具有显着粘性。这项研究表明，在中度到高通货膨胀的情况下，降低成本的活动发生得更快，但不够持久，无法改变长期的总成本粘性结果。这项研究通过暗示新兴经济体在粘性成本研究中使用的观察结果可能主要来自积极的宏观经济环境，由于粘性极端情况而可能导致结果偏斜或可能因通货膨胀而扭曲，从而为文献做出了贡献。这项研究表明，在中度到高通货膨胀的情况下，降低成本的活动发生得更快，但不够持久，无法改变长期的总成本粘性结果。这项研究通过暗示新兴经济体在粘性成本研究中使用的观察结果可能主要来自积极的宏观经济环境，由于粘性极端情况而可能导致结果偏斜或可能因通货膨胀而扭曲，从而为文献做出了贡献。这项研究表明，在中度到高通货膨胀的情况下，降低成本的活动发生得更快，但不够持久，无法改变长期的总成本粘性结果。这项研究通过暗示新兴经济体在粘性成本研究中使用的观察结果可能主要来自积极的宏观经济环境，由于粘性极端情况而可能导致结果偏斜或可能因通货膨胀而扭曲，从而为文献做出了贡献。