Competition and Productivity in Japanese Manufacturing Industries

Yosuke Okada

No 11540, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper examines the determinants of productivity in Japanese manufacturing industries, looking particularly at the impact of product market competition on productivity. Using a newly available panel data on around ten thousand firms in Japanese manufacturing for the years 1994-2000, I show that competition, as measured by lower level of industrial price-cost margin, enhances productivity growth, controlling for a broad range of industrial and firm-specific characteristics. Moreover, I suggest that market power, as measured by either individual firm's price-cost margin or market share, has negative impact on productivity level of R&D performing firms.

JEL-codes: L11 L60 O30 (search for similar items in EconPapers)
Date: 2005-08
New Economics Papers: this item is included in nep-com, nep-eff and nep-sea
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Published as Okada, Yosuke. "Competition And Productivity In Japanese Manufacturing Industries," Journal of the Japanese and International Economies, 2005, v19(4,Dec), 586-616.

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