IDEAS home Printed from https://ideas.repec.org/a/spr/jsecdv/v19y2017i1d10.1007_s40847-017-0041-3.html
   My bibliography  Save this article

Market concentration and labour employment in Indian organized manufacturing, post-reforms

Author

Listed:
  • Ashish Kumar Sedai

    (University of Delhi)

Abstract

The post-reform ‘Free market enterprise’ systems and forms of governance adopted in Indian manufacturing have been widely debated and argued to be associated with a jobless manufacturing growth. The study uses market concentration and monopoly power indices, post-reforms, to determine the level of competition and labour exploitation. A panel data regression with employment as the dependent variable has found: Free market enterprise has a semi-definitive impact on the employment of labour. The variables: (1) market concentration leads to an increase in the level of employment and wages. However, (2) monopoly power leads to a decline in the level of employment and an indefinite effect on wage growth. This study is significant in understanding jobless growth and the idea of capital reorganization and labour substitution. The study could relate to formulation of the antitrust policies and restrictive trade practices of monopolies in coherence with labour welfare.

Suggested Citation

  • Ashish Kumar Sedai, 2017. "Market concentration and labour employment in Indian organized manufacturing, post-reforms," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 19(1), pages 94-110, April.
    • Handle: RePEc:spr:jsecdv:v:19:y:2017:i:1:d:10.1007_s40847-017-0041-3
    DOI: 10.1007/s40847-017-0041-3
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s40847-017-0041-3
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s40847-017-0041-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Booth, Alison L., 2014. "Wage determination and imperfect competition," Labour Economics, Elsevier, vol. 30(C), pages 53-58.
    2. Lustgarten, Steven & Mendelowitz, Allan I, 1979. "The Covariability of Industrial Concentration and Employment Fluctuations," The Journal of Business, University of Chicago Press, vol. 52(2), pages 291-304, April.
    3. Abieyuwa Ohonba & Johannes W. Fedderke, 2013. "Competition, Industrial structure and Economic Growth," Working Papers 330, Economic Research Southern Africa.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ashish Kumar Sedai, 2019. "Wages in Imperfect Markets: A Post-reforms Study of Indian Manufacturing," Journal of South Asian Development, , vol. 14(3), pages 257-280, December.
    2. Ana Maria Bonomi Barufi & Eduardo A. Haddad, Peter Nijkamp, 2016. "New evidence on the wage curve: non-linearities, urban size, and spatial scale in Brazil," Working Papers, Department of Economics 2016_39, University of São Paulo (FEA-USP).
    3. Sabien Dobbelaere & Jacques Mairesse, 2010. "Comparing Micro-evidence on Rent Sharing from Three Different Approaches," NBER Working Papers 16220, National Bureau of Economic Research, Inc.
    4. Dobbelaere, Sabien & Kiyota, Kozo & Mairesse, Jacques, 2015. "Product and labor market imperfections and scale economies: Micro-evidence on France, Japan and the Netherlands," Journal of Comparative Economics, Elsevier, vol. 43(2), pages 290-322.
    5. Dobbelaere, Sabien & Luttens, Roland Iwan, 2016. "Gradual collective wage bargaining," Labour Economics, Elsevier, vol. 40(C), pages 37-42.
    6. Douglas A. Webber, 2018. "Employment Adjustment Over the Business Cycle: The Impact of Competition in the Labor Market," DETU Working Papers 1806, Department of Economics, Temple University.
    7. Fedderke, Johannes W., 2018. "Exploring unbalanced growth: Understanding the sectoral structure of the South African economy," Economic Modelling, Elsevier, vol. 72(C), pages 177-189.
    8. PN (Raja) Junankar, 2015. "The impact of the Global Financial Crisis on youth unemployment," The Economic and Labour Relations Review, , vol. 26(2), pages 191-217, June.
    9. Sabien Dobbelaere & Mark Vancauteren, 2014. "Market imperfections, skills and total factor productivity : Firm-level evidence on Belgium and the Netherlands," Working Paper Research 267, National Bank of Belgium.
    10. Sonia A. Agudelo & Hector Sala, 2016. "Wage setting in the Colombian manufacturing industry," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 24(1), pages 99-134, January.
    11. Oz Shy & Rune Stenbacka, 2023. "Noncompete agreements, training, and wage competition," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 32(2), pages 328-347, April.
    12. Sabien Dobbelaere & Boris Hirsch & Steffen Mueller & Georg Neuschaeffer, 2024. "Organized Labor, Labor Market Imperfections, and Employer Wage Premia," ILR Review, Cornell University, ILR School, vol. 77(3), pages 396-427, May.
    13. Daeyoung Jeong, 2019. "Job market signaling with imperfect competition among employers," International Journal of Game Theory, Springer;Game Theory Society, vol. 48(4), pages 1139-1167, December.
    14. Cabo, Francisco & Martín-Román, Ángel L., 2017. "Dynamic collective bargaining. Frictional effects under open-shop industrial relations," MPRA Paper 77562, University Library of Munich, Germany.
    15. Toyoki Matue, 2017. "Labor Market Institutions and Employment Fluctuations in Dynamic General Equilibrium Models," Discussion Papers 1701, Graduate School of Economics, Kobe University.
    16. Sabien Dobbelaere & Rodolfo Lauterbach & Jacques Mairesse, 2016. "Micro-evidence on product and labor market regime differences between Chile and France," International Journal of Manpower, Emerald Group Publishing Limited, vol. 37(2), pages 229-252, May.
    17. Francisco Cabo & Angel Martín-Román, 2019. "Dynamic collective bargaining and labor adjustment costs," Journal of Economics, Springer, vol. 126(2), pages 103-133, March.
    18. Joan Daouli & Michael Demoussis & Nicholas Giannakopoulos & Ioannis Laliotis, 2017. "The wage curve before and during the Greek economic crisis," Empirical Economics, Springer, vol. 52(1), pages 59-77, February.
    19. Matsue Toyoki, 2019. "Labour Market Institutions and Amplification of Employment Fluctuations," Central European Economic Journal, Sciendo, vol. 6(53), pages 164-173, January.
    20. Enrico D'Elia & Alessandra Righi, 2017. "Firm's level labour intensity in Italy after the Great Recession," Working Papers 1, Department of the Treasury, Ministry of the Economy and of Finance.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jsecdv:v:19:y:2017:i:1:d:10.1007_s40847-017-0041-3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.