A note on the estimation of competition-productivity nexus: a panel quantile approach
Michael Polemis ()
Economia e Politica Industriale: Journal of Industrial and Business Economics, 2020, vol. 47, issue 4, No 6, 663-676
Abstract We study the impact of product market competition on total factor productivity in 462 US manufacturing sectors for the period 1958–2009 through the lens of a panel quantile regression analysis. We confirm that there is a nonmonotonic inverse-U relationship between competition and productivity. We argue that the turning point increases substantially as we move to the higher quantiles of the productivity distribution function. Our findings survive robustness checks under alternative competition measure and panel quantile estimator.
Keywords: Quantile regression; Competition; Nonlinearities; Manufacturing; US (search for similar items in EconPapers)
JEL-codes: L11 C23 C21 (search for similar items in EconPapers)
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Working Paper: A note on the estimation of competition-productivity nexus: A panel quantile approach (2019)
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