Mark-ups and competition: a comparison of the profitability of listed South African industrial companies
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- F. C.v.N. Fourie & A. Smith, 1998. "The Concentration ‐ Profits Stalemate I: Causality and Interpretation Problems," South African Journal of Economics, Economic Society of South Africa, vol. 66(4), pages 265-276, December.
- F.C.v.N. FOURIE & A. SMITH, 1993. "Concentration, Tariff Protection and Industrial Performance in South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 61(3), pages 197-207, September.
- Johannes Fedderke & Chandana Kularatne & Martine Mariotti, 2007.
"Mark-up Pricing in South African Industry,"
Journal of African Economies, Centre for the Study of African Economies, vol. 16(1), pages 28-69, January.
- Johannes Fedderke & Chandana Kularatne & Martine Mariotti, 2004. "Mark-Pricing In South African Industry," Royal Economic Society Annual Conference 2004 95, Royal Economic Society.
- Chandana Kularatne & Johannes W. Fedderke & Martine Mariotti, 2005. "Mark-up Pricing in South African Industry," Working Papers 001, Economic Research Southern Africa.
- Jan Boone, 2008.
"A New Way to Measure Competition,"
Economic Journal, Royal Economic Society, vol. 118(531), pages 1245-1261, August.
- Boone, J., 2004. "A New Way to Measure Competition," Discussion Paper 2004-004, Tilburg University, Tilburg Law and Economic Center.
- Boone, J., 2004. "A New Way to Measure Competition," Discussion Paper 2004-31, Tilburg University, Center for Economic Research.
- Boone, Jan, 2004. "A New Way to Measure Competition," CEPR Discussion Papers 4330, C.E.P.R. Discussion Papers.
- F. C.v.N. Fourie & A. Smith, 1999. "The Concentration‐Profits Stale Mate II: Ideological Rifts and Methodological Stress," South African Journal of Economics, Economic Society of South Africa, vol. 67(1), pages 31-43, March.
- Abieyuwa Ohonba & Johannes W. Fedderke, 2013. "Competition, Industrial structure and Economic Growth," Working Papers 330, Economic Research Southern Africa.
- Joaquim Oliveira Martins & Stefano Scarpetta, 1999. "The Levels and Cyclical Behaviour of Mark-ups Across Countries and Market Structures," OECD Economics Department Working Papers 213, OECD Publishing.
- Philippe Aghion & Matias Braun & Johannes Fedderke, 2008.
"Competition and productivity growth in South Africa,"
The Economics of Transition, The European Bank for Reconstruction and Development, vol. 16(4), pages 741-768, October.
- Philippe Aghion & Matias Braun & Johannes Fedderke, 2006. "Competition and Productivity Growth in South Africa," CID Working Papers 132, Center for International Development at Harvard University.
- Aghion, Philippe & Braun, Matias & Fedderke, Johannes, 2008. "Competition and Productivity Growth in South Africa," Scholarly Articles 3350068, Harvard University Department of Economics.
- Johannes W. Fedderke & Matias Braun & Philippe Aghion, 2007. "Competition and Productivity Growth in South Africa," Working Papers 054, Economic Research Southern Africa.
- Philippe Aghion & Matias Braun & Johannes Fedderke, 2006. "Competition and Productivity Growth in South Africa," Growth Lab Working Papers 14j, Harvard's Growth Lab.
- J.W. Fedderke & E. Schaling, 2005. "Modelling Inflation In South Africa: A Multivariate Cointegration Analysis," South African Journal of Economics, Economic Society of South Africa, vol. 73(1), pages 79-92, March.
- Ghali, Khalifa H, 1999. "Wage Growth and the Inflation Process: A Multivariate Cointegration Analysis," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 31(3), pages 417-431, August.
- D. F. Leach, 1994. "The South African Cement Cartel: A Critique of Fourie and Smith," South African Journal of Economics, Economic Society of South Africa, vol. 62(3), pages 156-168, September.
- J.W. Fedderke, 1992. "Pricing Behaviour in South African Manufacturing Industry: 1945–82," South African Journal of Economics, Economic Society of South Africa, vol. 60(2), pages 102-111, June.
- P. G. Du Plessis, 1978. "Concentration of Economic Power in the South African Manufacturing Industry," South African Journal of Economics, Economic Society of South Africa, vol. 46(3), pages 172-182, September.
- Fedderke, Johannes & Szalontai, Gábor, 2009.
"Industry concentration in South African manufacturing industry: Trends and consequences, 1972-96,"
Economic Modelling, Elsevier, vol. 26(1), pages 241-250, January.
- Gabor Szalontai & Johannes W. Fedderke, 2012. "Industry Concentration in South African Manufacturing Industry: Trends and Consequences, 1972-96," Working Papers 023, Economic Research Southern Africa.
- Jan Boone, 2008. "A New Way to Measure Competition," Economic Journal, Royal Economic Society, vol. 118(531), pages 1245-1261, August.
- Demsetz, Harold, 1973. "Industry Structure, Market Rivalry, and Public Policy," Journal of Law and Economics, University of Chicago Press, vol. 16(1), pages 1-9, April.
- D.F. Leach, 1992. "Concentration and Profits in South Africa: Monopoly or Efficiency?," South African Journal of Economics, Economic Society of South Africa, vol. 60(2), pages 82-92, June.
- Nicola Theron, 2001. "The Economics Of Competition Policy: Merger Analysis In South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 69(4), pages 614-658, December.
- Nickell, Stephen J, 1996.
"Competition and Corporate Performance,"
Journal of Political Economy, University of Chicago Press, vol. 104(4), pages 724-746, August.
- Nickell, S.J., 1993. "Competition and Crporate Performance," Economics Series Working Papers 99155, University of Oxford, Department of Economics.
- Stephen Nickell, 1993. "Competition and Corporate Performance," CEP Discussion Papers dp0182, Centre for Economic Performance, LSE.
- Roeger, Werner, 1995. "Can Imperfect Competition Explain the Difference between Primal and Dual Productivity Measures? Estimates for U.S. Manufacturing," Journal of Political Economy, University of Chicago Press, vol. 103(2), pages 316-330, April.
- F.C.v.N. FOURIE*, 1996. "Industrial Concentration Levels and Trends in South Africa: Completing the Pictures," South African Journal of Economics, Economic Society of South Africa, vol. 64(1), pages 49-62, March.
- W. D. Reekie, 1984. "The Structure‐Conduct‐Performance Paradigm in a South African Setting," South African Journal of Economics, Economic Society of South Africa, vol. 52(2), pages 97-103, June.
- W. Duncan Reekie, 1999. "The Competition Act, 1998: An Economic Perspective," South African Journal of Economics, Economic Society of South Africa, vol. 67(2), pages 115-125, June.
- F.C.v.N. FOURIE & A. SMITH, 1995. "The South African Cement Cartel: A Reply to Leach," South African Journal of Economics, Economic Society of South Africa, vol. 63(1), pages 51-56, March.
- F.C.v.N. FOURIE & A. SMITH, 1994. "The South African Cement Cartel: An Economic Evaluation," South African Journal of Economics, Economic Society of South Africa, vol. 62(2), pages 80-93, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Ciaran Driver, 2019. "Trade liberalization and South African manufacturing: Looking back with data," WIDER Working Paper Series wp-2019-30, World Institute for Development Economic Research (UNU-WIDER).
- Johannes Fedderke & Nonso Obikili & Nicola Viegi, 2018.
"Markups and Concentration in South African Manufacturing Sectors: An Analysis with Administrative Data,"
South African Journal of Economics, Economic Society of South Africa, vol. 86(S1), pages 120-140, January.
- Johannes Fedderke & Nonso Obikili & Nicola Viegi, 2016. "Markups and concentration in South African manufacturing sectors: An analysis with administrative data," WIDER Working Paper Series wp-2016-40, World Institute for Development Economic Research (UNU-WIDER).
- Joshua Budlender, 2019. "Markups and market structure in South Africa: What can be learnt from new administrative data?," WIDER Working Paper Series wp-2019-58, World Institute for Development Economic Research (UNU-WIDER).
- Willem H. Boshoff, 2013. "Why define markets in competition cases?," Working Papers 10/2013, Stellenbosch University, Department of Economics.
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.- 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.
- Nicola Theron, 2001. "The Economics Of Competition Policy: Merger Analysis In South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 69(4), pages 614-658, December.
- Samuel Fosu, 2013. "Capital Structure, Product Market Competition and Firm Performance: Evidence from South Africa," Discussion Papers in Economics 13/11, Division of Economics, School of Business, University of Leicester.
- Fosu, Samuel, 2013. "Capital structure, product market competition and firm performance: Evidence from South Africa," The Quarterly Review of Economics and Finance, Elsevier, vol. 53(2), pages 140-151.
- Joshua Budlender, 2019. "Markups and market structure in South Africa: What can be learnt from new administrative data?," WIDER Working Paper Series wp-2019-58, World Institute for Development Economic Research (UNU-WIDER).
- Johannes Fedderke & Yang Liu, 2018.
"Inflation in South Africa: An Assessment of Alternative Inflation Models,"
South African Journal of Economics, Economic Society of South Africa, vol. 86(2), pages 197-230, June.
- Johannes Fedderke & Yang Liu, 2016. "Inflation in South Africa An Assessment of Alternative Inflation Models," Working Papers 7275, South African Reserve Bank.
- Johannes W. Fedderke & Yang Liu, 2016. "Inflation in South Africa: An Assessment of Alternative Inflation Models," Working Papers 66, Economic Research Southern Africa.
- Johannes W. Fedderke & Yang Liu, 2016. "Inflation in South Africa: An Assessment of Alternative Inflation Models," Working Papers 592, Economic Research Southern Africa.
- Nir Klein, 2011. "South Africa: The Cyclical Behavior of the Markups and its Implications for Monetary Policy," IMF Working Papers 2011/204, International Monetary Fund.
- Fedderke, Johannes W. & Hill, Andrew J., 2011.
"Industry structure and labor market flexibility in the South African manufacturing sector: A time series and panel data approach,"
Economic Modelling, Elsevier, vol. 28(3), pages 1291-1302, May.
- Andrew J. Hill & Johannes W. Fedderke, 2006. "Industry Structure and Labour Market Flexibility in the South African Manufacturing Sector: A Time Series and Panel Data Approach," Working Papers 043, Economic Research Southern Africa.
- Philippe Aghion & Matias Braun & Johannes Fedderke, 2008.
"Competition and productivity growth in South Africa,"
The Economics of Transition, The European Bank for Reconstruction and Development, vol. 16(4), pages 741-768, October.
- Philippe Aghion & Matias Braun & Johannes Fedderke, 2006. "Competition and Productivity Growth in South Africa," CID Working Papers 132, Center for International Development at Harvard University.
- Aghion, Philippe & Braun, Matias & Fedderke, Johannes, 2008. "Competition and Productivity Growth in South Africa," Scholarly Articles 3350068, Harvard University Department of Economics.
- Johannes W. Fedderke & Matias Braun & Philippe Aghion, 2007. "Competition and Productivity Growth in South Africa," Working Papers 054, Economic Research Southern Africa.
- Philippe Aghion & Matias Braun & Johannes Fedderke, 2006. "Competition and Productivity Growth in South Africa," Growth Lab Working Papers 14j, Harvard's Growth Lab.
- Carlo Altomonte & Marcella Nicolini & Armando Rungi & Laura Ogliari, 2010. "Assessing the Competitive Behaviour of Firms in the Single Market: A Micro-based Approach," European Economy - Economic Papers 2008 - 2015 409, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Alena Zemplinerova, 2010. "Competition policy and economic analysis: What can we learn from firm and industry data?," CERGE-EI Books, The Center for Economic Research and Graduate Education - Economics Institute, Prague, edition 1, number b07, May.
- Flora Bellone & Patrick Musso & Lionel Nesta & Frédéric Warzynski, 2009.
"L'effet pro-concurrentiel de l'intégration européenne. Une analyse de l'évolution des taux de marge dans les industries manufacturières françaises,"
Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 139-163.
- Bellone, Flora & Musso, Patrick & Nesta, Lionel & Warzynski, Frédéric, 2007. "L'effet pro-concurrentiel de l'intégration européenne: Une analyse de l'évolution des taux de marge dans les industries manufacturiéres francaises," Working Papers 08-2, University of Aarhus, Aarhus School of Business, Department of Economics.
- Lionel Nesta & Flora Bellone & Patrick Musso & Frédéric Warzynski, 2008. "L'effet pro-concurrentiel de l'intégration européenne : une analyse de l'évolution des taux de marge dans les industries manufacturières françaises," SciencePo Working papers Main hal-00973041, HAL.
- Flora Bellone & Patrick Musso & Lionel Nesta & Frédéric Warzynski, 2009. "L’effet pro-concurrentiel de l’intégration européenne : Une analyse de l’évolution des taux de marge dans les industries manufacturières françaises," SciencePo Working papers Main hal-03459943, HAL.
- Flora Bellone & Patrick Musso & Lionel Nesta & Frédéric Warzynski, 2008. "L’effet pro-concurrentiel de l’intégration européenne : une analyse de l’évolution des taux de marge dans les industries manufacturières françaises," Documents de Travail de l'OFCE 2008-09, Observatoire Francais des Conjonctures Economiques (OFCE).
- Flora Bellone & Patrick Musso & Lionel Nesta & Frédéric Warzynski, 2009. "L’effet pro-concurrentiel de l’intégration européenne : Une analyse de l’évolution des taux de marge dans les industries manufacturières françaises," Post-Print hal-03459943, HAL.
- Lionel Nesta & Flora Bellone & Patrick Musso & Frédéric Warzynski, 2008. "L'effet pro-concurrentiel de l'intégration européenne : une analyse de l'évolution des taux de marge dans les industries manufacturières françaises," Working Papers hal-00973041, HAL.
- Boone, J. & van Ours, J.C. & van der Wiel, H.P., 2007.
"How (Not) to Measure Competition,"
Discussion Paper
2007-32, Tilburg University, Center for Economic Research.
- Boone, J. & van Ours, J.C. & van der Wiel, H.P., 2007. "How (Not) to Measure Competition," Other publications TiSEM 032bda7d-58a6-4c6c-83ac-0, Tilburg University, School of Economics and Management.
- Boone, J. & van Ours, J.C. & van der Wiel, H.P., 2007. "How (Not) to Measure Competition," Other publications TiSEM 2efcaf8b-c898-47e9-887a-a, Tilburg University, School of Economics and Management.
- Boone, J. & van Ours, J.C. & van der Wiel, H.P., 2007. "How (Not) to Measure Competition," Discussion Paper 2007-014, Tilburg University, Tilburg Law and Economic Center.
- Jan Boone & Henry van der Wiel & J. van Ours, 2007. "How (not) to measure competition," CPB Discussion Paper 91, CPB Netherlands Bureau for Economic Policy Analysis.
- Schwab, Daniel & Werker, Eric, 2018. "Are economic rents good for development? Evidence from the manufacturing sector," World Development, Elsevier, vol. 112(C), pages 33-45.
- Salman Ahmad & Attiya Yasmin Javid, 2015. "Analysing the Price Cost Markup and Its Behaviour over the Business Cycles in Case of Manufacturing Industries of Pakistan," PIDE-Working Papers 2015:117, Pakistan Institute of Development Economics.
- Sara Amoroso & Peter M. Kort & Bertrand Melenberg & Joseph Plasmans & Mark Vancauteren, 2010. "Firm Level Productivity under Imperfect Competition in Output and Labor Markets," CESifo Working Paper Series 3082, CESifo.
- Hossain, Shahadat & Galbreath, Jeremy & Hasan, Mostafa Monzur & Randøy, Trond, 2020. "Does competition enhance the double-bottom-line performance of microfinance institutions?," Journal of Banking & Finance, Elsevier, vol. 113(C).
- Veltins, Michael A. & Schaller, Armin & Blum, Ulrich, 2004. "The East German Cement Cartel : An Inquiry into Comparable Markets, Industry Structure, and Antitrust Policy," Dresden Discussion Paper Series in Economics 04/04, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
- Philippe Aghion & Johannes Fedderke & Peter Howitt & Nicola Viegi, 2013. "Testing creative destruction in an opening economy," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 21(3), pages 419-450, July.
- Chandana Kularatne & Johannes W. Fedderke & Nicola Viegi & Peter W. Howitt & Philippe Aghion, 2008.
"Testing creative destruction in an opening economy: the case of the South African manufacturing industries,"
Working Papers
093, Economic Research Southern Africa.
- Philippe Aghion & Johannes Fedderke & Peter Howitt & Chandana Kularatne & Nicola Viegi, 2008. "Testing Creative Destruction in an Opening Economy : the Case of the South African Manufacturing Inudstries," Documents de Travail de l'OFCE 2008-23, Observatoire Francais des Conjonctures Economiques (OFCE).
More about this item
Keywords
competitiveness; profitability margin; return on equity; return on assets; return on invested capital; mark-ups; profit margins; gross margins;All these keywords.
JEL classification:
- L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
- L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-AFR-2015-03-22 (Africa)
Statistics
Access and download statisticsCorrections
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:sza:wpaper:wpapers234. 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: Melt van Schoor (email available below). General contact details of provider: https://edirc.repec.org/data/desunza.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.