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Industrial Deconcentration in U.K. Manufacturing since 1980

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  • Henley, Andrew

Abstract

Weighted average five-firm concentration ratios and estimated Herfindahl indices computed for 104 British manufacturing industries from 1980 to 1987 point to a modest fall in concentration over the period. This decline appears to result from deconcentration in a sizeable number of rapidly changing industrial sectors, particularly in engineering, information technology equipment, and electronics. Regression analysis indicates the importance of changes in technological conditions, although it cannot identify whether these have operated directly through changes in minimum efficient scale or indirectly through the reduction of entry barriers. The high level of 1980s merger activity does not appear to have contributed towards rising concentration. Copyright 1994 by Blackwell Publishers Ltd and The Victoria University of Manchester

Suggested Citation

  • Henley, Andrew, 1994. "Industrial Deconcentration in U.K. Manufacturing since 1980," The Manchester School of Economic & Social Studies, University of Manchester, vol. 62(1), pages 40-59, March.
    • Handle: RePEc:bla:manch2:v:62:y:1994:i:1:p:40-59
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    Cited by:

    1. Malcolm Sawyer, 1999. "The Kaleckian Analysis and the New Millennium," Review of Political Economy, Taylor & Francis Journals, vol. 11(3), pages 303-319.
    2. 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.
    3. Rongxu Qiu & Wei Xu & John Zhang & Karl Staenz, 2018. "Modeling and simulating industrial land-use evolution in Shanghai, China," Journal of Geographical Systems, Springer, vol. 20(1), pages 57-83, January.
    4. Bhattacharya, Mita & Bloch, Harry, 2000. "The dynamics of industrial concentration in Australian manufacturing," International Journal of Industrial Organization, Elsevier, vol. 18(8), pages 1181-1199, December.
    5. Anindya Banerjee, 2001. "Industry structure and the dynamics of price adjustment," Applied Economics, Taylor & Francis Journals, vol. 33(15), pages 1889-1901.
    6. Malcolm Sawyer, 1998. "The Kaleckian Analysis and the New Mellinium," Macroeconomics 9805001, University Library of Munich, Germany, revised 01 Sep 1998.

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