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

Chaoyi Chen, Michael Polemis () and Thanasis Stengos

Economics Letters, 2018, vol. 164, issue C, 1-4

Abstract: 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.

Keywords: Market structure; TFP; Threshold; Competition; Non-linear effects (search for similar items in EconPapers)
JEL-codes: C24 L1 L6 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176517305256
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:164:y:2018:i:c:p:1-4

DOI: 10.1016/j.econlet.2017.12.030

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().