The Impact of Concentration on Secors' Output Level in the European Union (1997-2005)

Joanna Wolszczak-Derlacz

The Impact of Concentration on Secors' Output Level in the European Union (1997-2005)

Abstract

This paper examines the impact of concentration on growthof selected 43 sectors within ten European countries over the period of time 1997-2005. We apply system GMM estimator to the extendedversion of production function, including as explanatory variablesindustry specific measures of concentration. We found the relationbetween output and concentration measured by the Herfindahl-Hirschman Index (HHI) to be non-monotonic having an inverted Ucurve shape. It means that for the low levels of concentration anincrease in the concentration causes the rise in output while for highlevels the relationship is negative. The highest output is associatedwith middle level of market concentration.

Author (1)

Joanna Wolszczak-Derlacz dr hab.

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Category:: Monographic publication
Type:: rozdział, artykuł w książce - dziele zbiorowym /podręczniku w języku o zasięgu międzynarodowym
Title of issue:: Market concentration and economy strony 164 - 181
Language:: English
Publication year:: 2010
Bibliographic description:: Wolszczak-Derlacz J.: The Impact of Concentration on Secors' Output Level in the European Union (1997-2005)// Market concentration and economy/ ed. ed. Tomasz Bernat, University of Szczecin. Szczecin: Publishing house, volumina.pl, 2010, s.164-181
Verified by:: Gdańsk University of Technology