Examining the Role of Market Concentration in Enhancing Total Factor Productivity: A Comparative Analysis of Selected Agri-based and Hi-Technology Sectors

Puneet Prakash Kaur () and Ravi Kiran ()
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Puneet Prakash Kaur: Thapar Institute of Engineering and Technology
Ravi Kiran: Thapar Institute of Engineering and Technology

Journal of the Knowledge Economy, 2024, vol. 15, issue 1, No 103, 2525-2548

Abstract: Abstract This present research is an effort to link market concentration with market performance measured through total factor productivity (TFP). Using regression analysis for a cross-section of industries in India, we determine the market concentration in selected agri-based and hi-tech sectors and analyse its effect on TFP. Earlier international literature on a linkage between market structure and market performance has mixed results. Some researchers support that high market concentration results in high productivity, while other researchers provide evidence that the above relation is not true. To examine this in detail, this paper investigates the impact of market concentration on TFP, and then makes a comparative analysis of selected agri-based (food products #10: and tobacco and tobacco products #12) and hi-tech sectors (motor vehicles, trailers and semi-trailers #29; chemicals & chemical products #20); in India, with the data covering the period 2006–2017. The results shed light on heterogeneities in the role of concentration on TFP.

Keywords: Concentration; Total factor productivity (TFP); Manufacturing sector; Market concentration (search for similar items in EconPapers)
JEL-codes: D24 L10 O47 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s13132-023-01218-8

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