Industry concentration in Europe and North America
Bajgar, Matej ; Berlingieri, Giuseppe ; Calligaris, Sara ; Criscuolo, Chiara ; Timmis, Jonathan
London School of Economics and Political Science. Centre for Economic Performance
LSE - London
2019
64 p.
industrial concentration ; industrialization ; globalization ; technological change
CEP Discussion Paper
1654
Industrial economics
English
Bibliogr.
"This report presents new evidence on industry concentration trends in Europe and in North America. It uses two novel data sources: representative firm-level concentration measures from the OECD MultiProd project, and business-group-level concentration measures using matched Orbis-Worldscope-Zephyr data. Based on the MultiProd data, it finds that between 2001 and 2012 the average industry across 10 European economies saw a 2-3-percentage-point increase in the share of the 10% largest companies in industry sales. Using the Orbis-Worldscope-Zephyr data, it documents a clear increase in industry concentration in Europe as well as in North America between 2000 and 2014 of the order of 4-8 percentage points for the average industry. Over the period, about 3 out of 4 (2-digit) industries in each region saw their concentration increase. The increase is observed for both manufacturing and non-financial services and is not driven by digital-intensive sectors."
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