European Firm Concentration and Aggregate Productivity
Tommaso Bighelli, Filippo di Mauro, Marc Melitz, Matthias Mertens
Journal of the European Economic Association,
Nr. 2,
2023
Abstract
This paper derives a European Herfindahl–Hirschman concentration index from 15 micro-aggregated country datasets. In the last decade, European concentration rose due to a reallocation of economic activity toward large and concentrated industries. Over the same period, productivity gains from an increasing allocative efficiency of the European market accounted for 50% of European productivity growth while markups stayed constant. Using country-industry variation, we show that changes in concentration are positively associated with changes in productivity and allocative efficiency. This holds across most sectors and countries and supports the notion that rising concentration in Europe reflects a more efficient market environment rather than weak competition and rising market power.
Artikel Lesen
DPE Course Programme Archive
DPE Course Programme Archive 2023 2022 2021 2020 2019...
Zur Seite
IWH-DPE Call for Applications – Fall 2024 Intake
Vacancy IWH-DPE Call for Applications – Fall 2024 Intake ...
Zur Seite
IWH-DPE Call for Applications – Fall 2024 Intake
Vacancy IWH-DPE Call for Applications – Fall 2024 Intake ...
Zur Seite
DPE Course Programme Archive
DPE Course Programme Archive 2023 2022 2021 2020 2019...
Zur Seite
Evidenzbasierte Politikberatung (IWH-CEP)
Zentrum für evidenzbasierte Politikberatung (IWH-CEP) ...
Zur Seite
Kurzportrait
Das IWH im Kurzportrait Das Leibniz-Institut für Wirtschaftsforschung Halle (IWH)...
Zur Seite
Alumni
IWH-Alumni Das IWH möchte den Kontakt zu seinen ehemaligen Mitarbeiterinnen und...
Zur Seite