IDEAS home Printed from https://ideas.repec.org/a/phs/prejrn/v40y2003i1p27-57.html
   My bibliography  Save this article

Concentration and market power in the Philippine manufacturing industry

Author

Listed:
  • Rafaelita M. Aldaba

    () (Philippine Institute for Development Studies)

Abstract

This paper looks at the presence of barriers to competition that prevent domestic and international prices from converging. These barriers may dampen, even reverse the gains from trade liberalization. Three decades of protectionism and import substitution in the Philippines have led to high levels of industrial concentration in a few wealthy families and small groups. Most of all, the experience has led to the deterioration of the culture of competition in the country. While liberalization may be a precondition for the growth of a free market, it does not, by itself, guarantee effective competition. For effective competition to emerge, trade reforms must be accompanied by the creation of competitive market and industry structures. The transition from import substitution to a more open economy requires not only the rule of law, but efficient institutions to support growth and institutional change.

Suggested Citation

  • Rafaelita M. Aldaba, 2003. "Concentration and market power in the Philippine manufacturing industry," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 40(1), pages 27-57, June.
  • Handle: RePEc:phs:prejrn:v:40:y:2003:i:1:p:27-57
    as

    Download full text from publisher

    File URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/14/578
    Download Restriction: no

    More about this item

    Keywords

    Competition; concentration; market power;

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:phs:prejrn:v:40:y:2003:i:1:p:27-57. 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: (Reuben T. Campos). General contact details of provider: http://edirc.repec.org/data/seupdph.html .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.