Government and industry performance: a comparative study

Keith Hartley, Richard White and David Chaundy

Applied Economics, 1997, vol. 29, issue 9, 1227-1237

Abstract: A number of UK industries are heavily dependent on the government as a major purchaser. The Ministry of Defence and the National Health Service are essentially monopsonists for the industries supplying them. As a monopsonist, government can influence the size, structure, conduct and performance of the industries. This paper examines wheather industries relying heavily on government purchases will differ in their structure, conduct and performance-characteristics and whether dependence on goverment can have favourable or adverse effects on industry performance. The hypothesis is tested by comparing the performance of industries dependent on government purchasing - defence, pharmaceuticals and medical equipment - with a control group of other non-dependent industries.

Date: 1997
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DOI: 10.1080/00036849700000013

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