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Are Chinese Markets for Manufactured Products More Competitive than in the US?: A Comparison of China -US Industrial Concentration Ratios

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  • Jun Wang
  • John Whalley

Abstract

We present estimates of 4 and 8 firm concentration ratios by industry and in weighted aggregate form for the manufacturing sector for Chinese enterprises for 2002 and 2007. These are then compared to available estimates for the same years and industrial classification for the US. These comparisons clearly point in the direction of China having sharply lower concentration ratios, in the order of one half of the US for 4 firm ratios. One possible implication is that markets for Chinese manufactured products are considerably more competitive than in the US.

Suggested Citation

  • Jun Wang & John Whalley, 2014. "Are Chinese Markets for Manufactured Products More Competitive than in the US?: A Comparison of China -US Industrial Concentration Ratios," NBER Working Papers 19898, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:19898
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    References listed on IDEAS

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    1. Bai, Chong-En & Lu, Jiangyong & Tao, Zhigang, 2009. "How does privatization work in China?," Journal of Comparative Economics, Elsevier, vol. 37(3), pages 453-470, September.
    2. Frederic Pryor, 2001. "New Trends in U.S. Industrial Concentration," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 18(3), pages 301-326, May.
    3. Gary Jefferson & Thomas Rawski & Yifan Zhang, 2008. "Productivity growth and convergence across China's industrial economy," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 6(2), pages 121-140.
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    Cited by:

    1. Giusto, Andrea & İşcan, Talan B., 2019. "Market Power And The Aggregate Saving Rate," Macroeconomic Dynamics, Cambridge University Press, vol. 23(6), pages 2269-2297, September.
    2. Haifeng Nie & Ximing Yue, 2017. "Re-discussion on the rationality of high income of monopoly industries: evidence from the employer-employee matched data," China Finance and Economic Review, Springer, vol. 5(1), pages 1-22, December.

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    More about this item

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure

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