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Concentration and Productivity: A Broader Perspective

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  • Leslie Hannah

    (Faculty of Economics, University of Tokyo)

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    Abstract

    Zitzewitz's suggestion, in a Journal of Industrial Economics March 2003 article, that Britain's pre-World War One lead over the USA in tobacco manufacturing productivity was due to its more competitive market cannot be sustained. A larger country sample shows a positive relationship between concentration and productivity, while accurate measurement of US and UK concentration shows similar concentration levels until 1911. The later US lead, though plausibly induced by antitrust-enforced competition, was due to tougher labour management rather than to stronger technical innovation.

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    File URL: http://www.cirje.e.u-tokyo.ac.jp/research/dp/2004/2004cf305.pdf
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    Bibliographic Info

    Paper provided by CIRJE, Faculty of Economics, University of Tokyo in its series CIRJE F-Series with number CIRJE-F-305.

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    Length: 20 pages
    Date of creation: Oct 2004
    Date of revision:
    Handle: RePEc:tky:fseres:2004cf305

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