Specifying the Dynamics of Industry Concentration

Levy, David T.

doi:10.2307/2098481

Cited by 54 publications

(25 citation statements)

References 18 publications

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“…We explore the extent to which concentration levels for industries in our data can be explained by these variables. In that our approach is close to some of the earlier research on the determinants of industrial concentration: see, for instance, the survey by Curry and George (1983), and Levy (1985).…”

Section: The Determinants Of Concentrationsupporting

confidence: 58%

“…We allow that actual concentration level in an industry, C it , may diverge from its equilibrium value but assume that it adjusts towards its equilibrium value. We follow existing studies (Levy, 1985;Kambhampati, 1996;Davies and Geroski, 1997;Driffield, 2001) in modelling adjustment as an adaptive process:…”

Section: Evolution Of Concentration: Industry-specific Studiesmentioning

confidence: 99%

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Industrial concentration in a liberalising economy: A study of Indian manufacturing

Athreye

Kapur

2006

The Journal of Development Studies

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This paper studies industrial concentration in Indian manufacturing sectors over the period 1970 to 1999. Given that Indian industry was highly regulated till the mid 1980s, the market structure in most manufacturing sectors was largely shaped by government policy. Deregulation after 1985 allowed greater scope for normal competitive processes, so that concentration levels should progressively be determined by industry characteristics rather than government policy. We find that, on the whole, concentration levels were indeed more significantly related to industry characteristics after deregulation. However, even after controlling for these characteristics, there is considerable heterogeneity in the patterns of concentration in individual industries.

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Section: The Determinants Of Concentrationsupporting

confidence: 58%

Section: Evolution Of Concentration: Industry-specific Studiesmentioning

confidence: 99%

Industrial concentration in a liberalising economy: A study of Indian manufacturing

Athreye

Kapur

2006

The Journal of Development Studies

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“…MES is the lowest quantity of output required to minimise average costs and so, for a given market size, is hypothesised to have a positive effect on industrial concentration. CAPR is hypothesised to have a positive effect on industrial concentration because it measures capital requirements and economies of scale in raising capital (Levy 1985). Larger SIZE is hypothesised to have a negative impact on industrial concentration because a larger market can support more firms.…”

Section: Model Constructionmentioning

confidence: 99%

The impact of foreign and state ownership on post-transition industrial concentration: the case of Polish manufacturing

Amess

Roberts

2006

Econ Change

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This paper reports an analysis of the determinants of the level and changes in Polish industrial concentration in the early post-transition era. In particular, the relative effects of foreign and state ownership are examined. The empirical evidence is based on a panel of 144 Polish manufacturing industries over the period 1989–1993. The results suggest that both state and foreign ownership have a significant impact on industry concentration and this relationship is U-shaped. Minimum efficient scale is found to be the only other factor to impact on industry concentration. Copyright Springer Science+Business Media, LLC 2005Post-transition, Foreign direct investment, State ownership, Industry concentration, L11, F23,

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“…The coefficient for the four firm concentration ratio (CONCENTRATION) only has a significant (negative) effect on turbulence in the FGLS estimation and, even then, the magnitude of the coefficient is relatively small -an increase of one percentage point in the combined market share of the four largest firms would result in a decrease of only 0.017 in the turbulence rate. The dynamic role played by decreases in concentration in generating turbulence (as proposed by Levy, 1985), measured by the effect of the change in the Herfindhal index, although significant, is also relatively small.…”

Section: Control Variablesmentioning

confidence: 91%

“…Levy (1985) suggests that the rate of change in concentration influences entry. For example, sharp increases in market concentration indicate increasing levels of industry barriers causes less turbulence.…”

Section: Concentrationmentioning

confidence: 99%

Turbulence in High Growth and Declining Industries

Baptista

Karaöz

2007

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in TURBULENCE IN HIGH GROWTH AND DECLINING INDUSTRIES AbstractWe examine turbulence over the product life cycle using the lowest possible level of industry aggregation, allowing for the use of panel data to study the evolution of single product markets. We find that replacement of exiting firms by subsequent entry plays a primary role in generating turbulence in high growth markets, while displacement of incumbents by recent entrants is the main selection force in declining markets. As product life cycles progress, trial-anderror entry subsides, and turbulence decreases. JEL-classification: L11

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Specifying the Dynamics of Industry Concentration

Cited by 54 publications

References 18 publications

Industrial concentration in a liberalising economy: A study of Indian manufacturing

Industrial concentration in a liberalising economy: A study of Indian manufacturing

The impact of foreign and state ownership on post-transition industrial concentration: the case of Polish manufacturing

Turbulence in High Growth and Declining Industries

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