Abstract
This article examines industry concentration for the South African manufacturing sector over the 1972-2001 period, for the three-digit industry classification. The article notes both the high level of industry concentration in South African manufacturing and a rising trend in concentration across a wide range of industries as measured by the Gini and Rosenbluth coefficients. The article examines the impact of concentration on investment rates using a dynamic heterogeneous panel estimation methodology. We find that increased concentration unambiguously lowers investment rates.
Original language | English (US) |
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Pages (from-to) | 2919-2939 |
Number of pages | 21 |
Journal | Applied Economics |
Volume | 43 |
Issue number | 22 |
DOIs | |
State | Published - Sep 2011 |
All Science Journal Classification (ASJC) codes
- Economics and Econometrics