A note on the estimation of competition-productivity nexus: A panel quantile approach
Michael Polemis ()
MPRA Paper from University Library of Munich, Germany
We study the impact of product market competition on 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 total factor 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 quantile estimator.
Keywords: Quantile regression; Competition; Nonlinearities; Manufacturing; US (search for similar items in EconPapers)
JEL-codes: C21 C23 L11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-eff, nep-ore and nep-tid
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Journal Article: A note on the estimation of competition-productivity nexus: a panel quantile approach (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:96808
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