On the examination of non-linear relationship between market structure and performance in the US manufacturing industry

被引：9

作者：

Chen, Chaoyi ^{[1
]}

Polemis, Michael ^{[2
,3
]}

Stengos, Thanasis ^{[1
]}

机构：

[1] Univ Guelph, Dept Econ, Guelph, ON, Canada

[2] Univ Piraeus, Dept Econ, Piraeus, Greece

[3] Hellen Competit Commiss, Athens, Greece

来源：

ECONOMICS LETTERS | 2018年 / 164卷

关键词：

Market structure; TFP; Threshold; Competition; Non-linear effects; DYNAMIC PANELS; THRESHOLD; PRODUCTIVITY; GROWTH; PRICE;

D O I：

10.1016/j.econlet.2017.12.030

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper attempts to investigate the causal link between market structure and industry performance using a micro panel data set of USA manufacturing industries over the period 1958-2007. We employ a novel panel GMM model strongly accounting for endogenous regressors and threshold variable. The empirical findings denote the existence of a non-monotonic relationship between market structure and total-factor productivity (TFP). Our findings call for future research on the impact of market structure on consumer welfare. (C) 2017 Elsevier B.V. All rights reserved.

引用

页码：1 / 4

页数：4

共 13 条

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