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An empirical analysis of productivity growth and industrial concentration in us manufacturing

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Abstract:

This manuscript focuses on the productivity-industrial concentration relationship in the US manufacturing industries, while accounting for external and internal sources of knowledge. It is found that there is a critical level of industrial concentration beyond which its relationship with productivity growth becomes negative. Results suggest that static welfare losses of increasing concentration in manufacturing industries can be offset by welfare gains from productivity growth.

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/0003684042000177143

Affiliations: 1: Department of Agricultural and Resource Economics Oregon State University USA 2: Specialty Crops Branch USDA Economic Research Service 1800 M Street NW Washington USA

Publication date: January 1, 2004

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