The Evolution Of Competition In U.S. Manufacturing
Document Type
Article
Publication Date
12-1-1994
Published In
Review Of Industrial Organization
Abstract
Although four-digit concentration ratios remained roughly constant in the quarter century between 1958 and 1982, they declined significantly when adjusted for imports. The empirical analysis in this paper shows that changes in both types of four-digit concentration ratios were related to the initial level of industrial concentration, barriers to entry, market growth, and to a set of adjustment variables reflecting an interaction of imports and particular structural aspects of the industry. Speculations about the future of competition in the United States are based on the regression equations explaining changes in concentration.
Keywords
Competitiveness, long-term trends in industrial concentration, trade and industrial concentration
Recommended Citation
Frederic L. Pryor.
(1994).
"The Evolution Of Competition In U.S. Manufacturing".
Review Of Industrial Organization.
Volume 9,
Issue 6.
695-715.
DOI: 10.1007/BF01026580
https://works.swarthmore.edu/fac-economics/438