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Competition and Productivity Growth in South Africa
Philippe Aghion, Matias Braun, and Johannes Fedderke
A publication of the CID South Africa Growth Initiative
Using three different panel data sets, the authors show: (i) that mark-ups are significantly higher in South African manufacturing industries than they are in corresponding industries worldwide; (ii) that competition policy (i.e. a reduction of mark-ups) should have largely positive effects on productivity growth and employment in South Africa.
Keywords: South Africa, competition, mark-ups
JEL codes: O55, L40, O40