CIRJE-F-305 | "Concentration and Productivity: A Broader Perspective" |
Author Name | Hannah, Leslie |
Date | October 2004 |
Full Paper | PDF file@ |
Remarks | On electoric website of Journal of Industrial Economics and to be summarised in Journal of Industrial Economics, March 2008. |
Abstract |
Zitzewitz's suggestion, in a Journal of Industrial Economics March 2003 article, that
Britain's pre-World War One lead over the USA in tobacco manufacturing productivity
was due to its more competitive market cannot be sustained. A larger country sample
shows a positive relationship between concentration and productivity, while accurate
measurement of US and UK concentration shows similar concentration levels until 1911.
The later US lead, though plausibly induced by antitrust-enforced competition, was due
to tougher labour management rather than to stronger technical innovation. |