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Concentration and Productivity: A Broader Perspective

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  • Leslie Hannah

    (Faculty of Economics, University of Tokyo)

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.

Suggested Citation

  • Leslie Hannah, 2004. "Concentration and Productivity: A Broader Perspective," CIRJE F-Series CIRJE-F-305, CIRJE, Faculty of Economics, University of Tokyo.
  • Handle: RePEc:tky:fseres:2004cf305
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    File URL: http://www.cirje.e.u-tokyo.ac.jp/research/dp/2004/2004cf305.pdf
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    1. Broadberry,Steve N., 2005. "The Productivity Race," Cambridge Books, Cambridge University Press, number 9780521023580, April.
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