Competition and productivity growth in South Africa
Tóm tắt
This article shows that mark‐ups are significantly higher in South African manufacturing industries than they are in corresponding industries worldwide. We test for the consequences of this low‐level of product market competition on productivity growth. The results of the paper are that high mark‐ups have a large negative impact on productivity growth in South African manufacturing industry. Our results are robust to three different data sources, two alternative measures of productivity growth, and three distinct measures of the mark‐up. Controlling for potential endogeneity of regressors does not eliminate the findings.
Từ khóa
Tài liệu tham khảo
Aghion P., 2004, Handbook of Economic Growth, 67
Coutts K., 1978, Industrial Pricing in the United Kingdom
Edwards L., 2005, TIPS Working Paper 1
Hakura D. S., 1998, International Monetary Fund Working Paper WP/98/85
Hall R. E., 1990, Growth, Productivity, Unemployment, 71
Mayer T.andZignano S.(2005).‘Market access in global and regional trade’ CEPII Working Paper 2005‐02.
Oliveira Martins J., 1999, Economics Department Working Papers No. 213
Pesaran M. H. Shin Y.andSmith R. J.(1996).‘Testing for the existence of a long run relationship’ DAE Working Paper No. 9622 Department of Applied Economics University of Cambridge.