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Market Structure Dynamics in Indian Industry

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  • Kambhampati, Uma S

Abstract

Can changes in industry structure be characterized by movements towards a long-run concentration ratio (CR)? This paper estimates an error correction model for thirty-three industries in India for the period 1974-85, using nonlinear estimation methods. The results indicate that structural change in India is composed both of significant changes towards the long-run CR and of significant changes of the long-run CR. The adjustment towards the long-run CR seems to be faster in India than in most Western studies. In spite of this, it is below 0.5 in most industries, indicating that even after eleven years, all the difference between actual and long-run CRs is not eroded and "excess" market shares persist in most industries. Across industries, speeds of adjustment are higher in industries with high profit margins and lower in industries which are reserved for the public sector. Copyright 1998 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

Suggested Citation

  • Kambhampati, Uma S, 1998. "Market Structure Dynamics in Indian Industry," Bulletin of Economic Research, Wiley Blackwell, vol. 50(2), pages 133-153, April.
    • Handle: RePEc:bla:buecrs:v:50:y:1998:i:2:p:133-53
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    Cited by:

    1. Nigel Driffield, 2001. "Inward Investment and Host Country Market Structure: The Case of the U.K," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 18(4), pages 363-378, June.
    2. Yang, Qing & Zhang, Lei & Wang, Xin, 2017. "Dynamic analysis on market structure of China's coal industry," Energy Policy, Elsevier, vol. 106(C), pages 498-504.
    3. Barbara M. Roberts, "undated". "Transition and Changes in Industrial Concentration in Poland," Discussion Papers in European Economics 98/4, Division of Economics, School of Business, University of Leicester.
    4. Joshua Drucker, 2009. "Trends in Regional Industrial Concentration in the United States," Working Papers 09-06, Center for Economic Studies, U.S. Census Bureau.
    5. Nigel Driffield, 2001. "Inward investment, industry concentration and the speed of adjustment," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 137(2), pages 193-214, June.
    6. Jatinder Singh, 2011. "Inward Investment and Market Structure in an Open Developing Economy: A Case of India’s Manufacturing Sector," Journal of Economics and Behavioral Studies, AMH International, vol. 2(6), pages 286-297.

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