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Competition and productivity growth in South Africa

Aghion, P.; Braun, M.; Fedderke, J.; (2008) Competition and productivity growth in South Africa. Economics of Transition , 16 (4) pp. 741-768. 10.1111/j.1468-0351.2008.00336.x.

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This article shows that mark-ups are significantly higher in South African manufacturing industries than they are in corresponding industries worldwide. We test for the consequences of this low-level of product market competition on productivity growth. The results of the paper are that high mark-ups have a large negative impact on productivity growth in South African manufacturing industry. Our results are robust to three different data sources, two alternative measures of productivity growth, and three distinct measures of the mark-up. Controlling for potential endogeneity of regressors does not eliminate the findings.

Type: Article
Title: Competition and productivity growth in South Africa
DOI: 10.1111/j.1468-0351.2008.00336.x
Publisher version: http://dx.doi.org/10.1111/j.1468-0351.2008.00336.x
Language: English
Keywords: Product market competition, mark-ups, productivity growth, manufacturing industry, South Africa
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of SandHS > Dept of Economics
URI: http://discovery.ucl.ac.uk/id/eprint/17738
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