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.
Authors
Additional information
- Category
- Publikacja monograficzna
- Type
- rozdział, artykuł w książce - dziele zbiorowym /podręczniku w języku o zasięgu międzynarodowym
- Language
- angielski
- Publication year
- 2010
