Balancing Industrial Concentration and Competition for Economic Development in Asia

In pursuit of economic growth and development, countries have tried to strike a balance between competition and industrial policies across time. This paper will review the empirical evidence on industrial concentration and its economic correlates (notably firms’ performance as measured by profitabil...

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Main Authors: Mendoza, Ronald U, Mahurkar, Padmini, Barcenas, Lai-Lynn Angelica B
Format: text
Published: Archīum Ateneo 2012
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Online Access:https://archium.ateneo.edu/asog-pubs/33
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2138724
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Institution: Ateneo De Manila University
id ph-ateneo-arc.asog-pubs-1032
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spelling ph-ateneo-arc.asog-pubs-10322022-04-04T05:51:06Z Balancing Industrial Concentration and Competition for Economic Development in Asia Mendoza, Ronald U Mahurkar, Padmini Barcenas, Lai-Lynn Angelica B In pursuit of economic growth and development, countries have tried to strike a balance between competition and industrial policies across time. This paper will review the empirical evidence on industrial concentration and its economic correlates (notably firms’ performance as measured by profitability, factor productivity and innovation). It will also analyze how the introduction of competition policies and laws in South Korea, China, India, Indonesia and the Philippines affected industrial concentration. It will examine at what point in their industrialization and economic development these economies implemented these laws and policies. The empirical literature suggests that industrial concentration could exhibit an inverted-U-shaped relationship as far as its link to certain economic indicators of success, such as productivity and innovation. This suggests a role for recalibrating policies to adjust the balance between industrial concentration and competition, so that the over-all outcomes are net welfare enhancing. Indeed, country policy experiences reviewed here appear to demonstrate this recalibration, notably following privatization and liberalization policies. 2012-08-01T07:00:00Z text https://archium.ateneo.edu/asog-pubs/33 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2138724 Ateneo School of Government Faculty Publications Archīum Ateneo industrial policy competition import substitution concentration productivity Economic Policy Public Affairs, Public Policy and Public Administration
institution Ateneo De Manila University
building Ateneo De Manila University Library
continent Asia
country Philippines
Philippines
content_provider Ateneo De Manila University Library
collection archium.Ateneo Institutional Repository
topic industrial policy
competition
import substitution
concentration
productivity
Economic Policy
Public Affairs, Public Policy and Public Administration
spellingShingle industrial policy
competition
import substitution
concentration
productivity
Economic Policy
Public Affairs, Public Policy and Public Administration
Mendoza, Ronald U
Mahurkar, Padmini
Barcenas, Lai-Lynn Angelica B
Balancing Industrial Concentration and Competition for Economic Development in Asia
description In pursuit of economic growth and development, countries have tried to strike a balance between competition and industrial policies across time. This paper will review the empirical evidence on industrial concentration and its economic correlates (notably firms’ performance as measured by profitability, factor productivity and innovation). It will also analyze how the introduction of competition policies and laws in South Korea, China, India, Indonesia and the Philippines affected industrial concentration. It will examine at what point in their industrialization and economic development these economies implemented these laws and policies. The empirical literature suggests that industrial concentration could exhibit an inverted-U-shaped relationship as far as its link to certain economic indicators of success, such as productivity and innovation. This suggests a role for recalibrating policies to adjust the balance between industrial concentration and competition, so that the over-all outcomes are net welfare enhancing. Indeed, country policy experiences reviewed here appear to demonstrate this recalibration, notably following privatization and liberalization policies.
format text
author Mendoza, Ronald U
Mahurkar, Padmini
Barcenas, Lai-Lynn Angelica B
author_facet Mendoza, Ronald U
Mahurkar, Padmini
Barcenas, Lai-Lynn Angelica B
author_sort Mendoza, Ronald U
title Balancing Industrial Concentration and Competition for Economic Development in Asia
title_short Balancing Industrial Concentration and Competition for Economic Development in Asia
title_full Balancing Industrial Concentration and Competition for Economic Development in Asia
title_fullStr Balancing Industrial Concentration and Competition for Economic Development in Asia
title_full_unstemmed Balancing Industrial Concentration and Competition for Economic Development in Asia
title_sort balancing industrial concentration and competition for economic development in asia
publisher Archīum Ateneo
publishDate 2012
url https://archium.ateneo.edu/asog-pubs/33
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2138724
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