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Barriers to Entry, Market Concentration, and Wages in the Philippine Manufacturing Sector, 1987

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  • Zeno Ronald R. Abenoja
  • Dennis A. Lapid

Abstract

Market structure represents an important aspect of industries because a particular structure predetermines a set of assumptions in the analysis of markets. Market models used in policymaking should therefore reflect the actual level of competition in the industries. This characteristic becomes more important in the context of less developed economies, where perfectly competitive markets are more the exception than the rule. This paper examines the nature and the determinants of the market structure, as measured by concentration, in the Philippine manufacturing sector. It tries to verify the extent to which technological barriers to entry and foreign trade induce higher levels of concentration. It then extends the analysis to focus on the effects of concentration on the wage level in manufacturing industries. Cross-section data are used to test the hypothesis that higher concentration increases profit and thus leads to higher wages.

Suggested Citation

  • Zeno Ronald R. Abenoja & Dennis A. Lapid, 1991. "Barriers to Entry, Market Concentration, and Wages in the Philippine Manufacturing Sector, 1987," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 28(2), pages 191-217, December.
    • Handle: RePEc:phs:prejrn:v:28:y:1991:i:2:p:191-217
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    File URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/259/447
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    Cited by:

    1. David, Cristina C., 1998. "Towards an Efficient Path to Food Security: The Philippine Case," Discussion Papers DP 1998-39, Philippine Institute for Development Studies.

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