Poder de mercado en el sector manufacturero mexicano. Estimación con variables instrumentales

Alejandro Castañeda

Estudios Económicos, 1996, vol. 11, issue 2, 211-236

Abstract: This paper uses instrumental variables to estimate market power in the manufacturing sector at the two digit level for the 1970 1990 period. Similarly to Hall (1988), the identification assumption states that the rate of growth of total factor productivity is not intrinsically pro-cyclical. The fact that observed productivity is pro-cyclical is due to the presence of market power. The assumptions of optimization and constant returns to scale are maintained in order to be able to estimate the degree of market power. The results show ample evidence of market power in the Mexican manufacturing sector.

Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/255/257 (application/pdf)

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:emx:esteco:v:11:y:1996:i:2:p:211-236

Access Statistics for this article

More articles in Estudios Económicos from El Colegio de México, Centro de Estudios Económicos Contact information at EDIRC.
Bibliographic data for series maintained by Ximena Varela ().