The influence of increased foreign competition on industrial concentration and profitability

Jaime de Melo*, Shujiro Urata

*この研究の対応する著者

研究成果: Article査読

21 被引用数 (Scopus)

抄録

This paper uses the Chilean manufacturing censuses of 1967 and 1979 to examine the effects of the Chilean reforms in the mid-1970s on market structure and performance. The reforms substantially increased the concentration in industry and substantially reduced profitability. These outcomes are interpreted in the light of hypotheses about the effect of potential entrants on market structure and on the pricing behavior of incumbents. Next, a cross-sectoral simultaneous equations model of structure and performance is estimated to isolate the contribution of import and export shares to cross-sectoral variations in concentration and profitability and to test for structural change between the two censuses. The analysis confirms that the liberalization of trade changed the way import and export shares determined profitability and supports the import discipline hypothesis.

本文言語English
ページ(範囲)287-304
ページ数18
ジャーナルInternational Journal of Industrial Organization
4
3
DOI
出版ステータスPublished - 1986
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学
  • 財務

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