Market Structure Dynamics in Indian Industry
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
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 50 (1998)
Issue (Month): 2 (April)
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=0307-3378 |
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=0307-3378|
When requesting a correction, please mention this item's handle: RePEc:bla:buecrs:v:50:y:1998:i:2:p:133-53. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.