Markups and concentration in South African manufacturing sectors: An analysis with administrative data

Fedderke, Johannes; Obikili, Nonso; Viegi, Nicola

doi:10.35188/unu-wider/2016/083-6

Cited by 16 publications

(33 citation statements)

References 10 publications

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“…In terms of the dynamics of markups, the lack of consistent firm-level time-series data for most sub-Saharan African countries makes it difficult to draw definitive conclusions; however, the available information suggests an increase in markups in some countries, including the region's two largest economies: Nigeria and South Africa ( Figure 10). These trends are consistent with other studies (Aghion, Braun, and Fedderke 2008;Fedderke, Obikili, and Viegi 2018;De Loecker and Eeckhout 2018), which also document rising firm markups in these countries and globally. More generally, the analysis shows that markups are highly persistent in sub-Saharan Africa, with the half-life of markups being almost twice as 17 Firm profitability is often captured by an empirical measure of the Lerner index-the ratio of operating earnings to sales (IMF 2019a).…”

Section: B Firm-level Competition Indicatorssupporting

confidence: 92%

Competition, Competitiveness and Growth in Sub-Saharan Africa

Cherif¹,

Dhungana²,

Fang³

et al. 2020

IMF Working Papers

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Does greater product market competition improve external competitiveness and growth? This paper examines this question by using country-and firm-level data for a sample of 39 sub-Saharan African countries over 2000–17, as well as other emerging market economies and developing countries, and finds that an improvement in domestic competition is associated with a signficant increase in real GDP per capita growth rate, achieved mainly through an improvement in export competitiveness and productivity growth. Price levels, including of essential items, are also generally lowered with an increase in competition. Moreover, at the firm-level, evidence shows that greater competition—proxied through a decline in corporate market power—is associated with an increase in firm’s investment and the labor’s share in output. These effects are more pronounced in the manufacturing sector and among domestic firms compared to foreign firms.

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Section: B Firm-level Competition Indicatorssupporting

confidence: 92%

Competition, Competitiveness and Growth in Sub-Saharan Africa

Cherif¹,

Dhungana²,

Fang³

et al. 2020

IMF Working Papers

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“…The means for the chemicals sector suggest that the industry is characterised by high value added, mid‐level costs and capital stock and low employment input, suggesting that the industry may have high mark‐ups, a topic analysed by Fedderke et al . ().…”

Section: Datamentioning

confidence: 97%

Total Factor Productivity in South African Manufacturing Firms

Kreuser

Newman²

2018

South African J Economics

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We use firm-level data for the period 2010-2013 to estimate total factor productivity in the South African manufacturing sector. We examine differences in the level and growth of productivity across manufacturing subsectors and examine the heterogeneity in productivity levels within sectors. We find that productivity grew in most subsectors but that there is heterogeneity across subsectors in the pace of growth. We find that firm size is positively correlated with productivity and its growth rate. We also find that there is a productivity premium associated with engaging in R&D and international trade. JEL Classification: D22, D24, O12

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“…Fedderke et al . () consider these issues for South Africa using the SARS data for manufacturing firms. Their estimated markups for South Africa are broadly high relative to earlier estimates and relative to comparable estimates from Finland.…”

Section: New Evidencementioning

confidence: 99%

New Data, New Approaches and New Evidence: A Policy Synthesis

Arndt¹

2018

South African J Economics

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The Republic of South Africa faces the imperative of escaping economic stagnation. This article seeks to synthesise results from a series of research efforts, including but not limited to the articles presented in this special issue, and consider policy options for escaping economic stagnation. The focus is on South Africa and South African policies yielding relatively quick dividends in terms of growth and taking the rest of the world as given. Four broad implications are presented. These could form part of a concerted effort to escape from South Africa's long running economic malaise. JEL Classification: O11, D24, F16, F22

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Markups and concentration in South African manufacturing sectors: An analysis with administrative data

Cited by 16 publications

References 10 publications

Competition, Competitiveness and Growth in Sub-Saharan Africa

Competition, Competitiveness and Growth in Sub-Saharan Africa

Total Factor Productivity in South African Manufacturing Firms

New Data, New Approaches and New Evidence: A Policy Synthesis

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