市场集中度与生产率：英国的证据

IF 2.2 3区经济学 Q2 BUSINESS, FINANCE

Fiscal Studies Pub Date : 2024-07-16 DOI:10.1111/1475-5890.12381

Anthony Savagar, Oluwaseun Aguda, Yannis Galanakis, Jingwei Wu

{"title":"市场集中度与生产率：英国的证据","authors":"Anthony Savagar, Oluwaseun Aguda, Yannis Galanakis, Jingwei Wu","doi":"10.1111/1475-5890.12381","DOIUrl":null,"url":null,"abstract":"<p>We measure product market concentration and business dynamism in the UK from 1997 to 2020 and study the relationship with productivity. Our results show that concentration in the UK is increasing among narrow industries on average, but for a broad market definition, concentration and business dynamism are stable. We find a negative relationship between concentration and productivity for the average firm, but a positive relationship for the average worker. This occurs because higher industry concentration is associated with better allocative efficiency, measured by the proportion of workers in higher-productivity firms.</p>","PeriodicalId":51602,"journal":{"name":"Fiscal Studies","volume":"45 4","pages":"459-482"},"PeriodicalIF":2.2000,"publicationDate":"2024-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-5890.12381","citationCount":"0","resultStr":"{\"title\":\"Market concentration and productivity: evidence from the UK\",\"authors\":\"Anthony Savagar, Oluwaseun Aguda, Yannis Galanakis, Jingwei Wu\",\"doi\":\"10.1111/1475-5890.12381\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>We measure product market concentration and business dynamism in the UK from 1997 to 2020 and study the relationship with productivity. Our results show that concentration in the UK is increasing among narrow industries on average, but for a broad market definition, concentration and business dynamism are stable. We find a negative relationship between concentration and productivity for the average firm, but a positive relationship for the average worker. This occurs because higher industry concentration is associated with better allocative efficiency, measured by the proportion of workers in higher-productivity firms.</p>\",\"PeriodicalId\":51602,\"journal\":{\"name\":\"Fiscal Studies\",\"volume\":\"45 4\",\"pages\":\"459-482\"},\"PeriodicalIF\":2.2000,\"publicationDate\":\"2024-07-16\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-5890.12381\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Fiscal Studies\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://onlinelibrary.wiley.com/doi/10.1111/1475-5890.12381\",\"RegionNum\":3,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Fiscal Studies","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/1475-5890.12381","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}

引用次数: 0

摘要

我们测量了 1997 年至 2020 年英国的产品市场集中度和企业活力，并研究了它们与生产率之间的关系。我们的研究结果表明，英国狭义行业的平均集中度正在提高，但就广义市场而言，集中度和企业活力保持稳定。我们发现，对于普通企业而言，集中度与生产率之间存在负相关关系，但对于普通工人而言，两者之间存在正相关关系。这是因为产业集中度越高，分配效率越高，而分配效率是以生产率较高企业的工人比例来衡量的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

Market concentration and productivity: evidence from the UK

查看原文本刊更多论文

Market concentration and productivity: evidence from the UK

We measure product market concentration and business dynamism in the UK from 1997 to 2020 and study the relationship with productivity. Our results show that concentration in the UK is increasing among narrow industries on average, but for a broad market definition, concentration and business dynamism are stable. We find a negative relationship between concentration and productivity for the average firm, but a positive relationship for the average worker. This occurs because higher industry concentration is associated with better allocative efficiency, measured by the proportion of workers in higher-productivity firms.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Fiscal Studies Multiple-

CiteScore

13.50

自引率

1.40%

发文量

期刊介绍： The Institute for Fiscal Studies publishes the journal Fiscal Studies, which serves as a bridge between academic research and policy. This esteemed journal, established in 1979, has gained global recognition for its publication of high-quality and original research papers. The articles, authored by prominent academics, policymakers, and practitioners, are presented in an accessible format, ensuring a broad international readership.