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Profitability and industrial concentration in Pakistan

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  • Amjad, Rashid

Abstract

Industrial concentration has been an important political issue in Pakistan. White [1974} recently established a relationship between concentration and the return on capital in a sample of company accounts. This study, based on census material, reexamines the problem with a wider coverage and using the pricecost margin, rather than the return on capital, as the measure of profitability. Concentration and a number of other variables are related to price-cost margins in twenty-five industries between 1965-70. Concentration emerges as the most important explanatory variable but the level of imports and capacity utilisation are also significant.

Suggested Citation

  • Amjad, Rashid, 1977. "Profitability and industrial concentration in Pakistan," MPRA Paper 35085, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:35085
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    File URL: https://mpra.ub.uni-muenchen.de/35085/1/MPRA_paper_35085.pdf
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    References listed on IDEAS

    as
    1. Amjad, Rashid, 1973. "Growth, profitability and savings of quoted public limited companies 1964-70," MPRA Paper 39260, University Library of Munich, Germany.
    2. Ornstein, Stanley I, 1975. "Empirical Uses of the Price-Cost Margin," Journal of Industrial Economics, Wiley Blackwell, vol. 24(2), pages 105-117, December.
    3. Mati Lal Pal, 1965. "Domestic Prices of Imports in Pakistan. Extension of Empirical Findings," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 5(4), pages 547-585.
    4. Nurul Islam, 1967. "Comparative Costs, Factor Proportions and Industrial Efficiency in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 7(2), pages 213-246.
    5. Sawhney, Pawan K & Sawhney, Bansi L, 1973. "Capacity-Utilization, Concentration, and Price-Cost Margins: Results on Indian Industries," Journal of Industrial Economics, Wiley Blackwell, vol. 21(2), pages 145-153, April.
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    Cited by:

    1. Akbar Ullah & Ejaz Ghani & Attiya Y. Javed, 2013. "Market Power and Industrial Performance in Pakistan," PIDE-Working Papers 2013:88, Pakistan Institute of Development Economics.
    2. Asad Abbas & Muhammad Ramzan Sheikh, 2022. "Structure-Conduct-Performance (SCP) Paradigm: A VAR and VECM-based Granger Causality Analysis," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(4), pages 125-136, December.
    3. Jayanthakumaran, Kankesu, 2002. "The Impact of Trade Liberalisation on Manufacturing Sector Performance in Developing Countries: A Survey of the Literature," Economics Working Papers wp02-07, School of Economics, University of Wollongong, NSW, Australia.
    4. Anthony Ilegbinosa Imoisi, 2018. "Is Trade Openness Suitable for Growth of the Nigerian Manufacturing Sector? An Autoregressive Distributed Lag Approach," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(2), pages 71-82, June.

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    More about this item

    Keywords

    Industrial development: Cost benefit analysis: Pakistan;

    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods

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