Series: IMF Working Papers
Author(s): Federico Diez , Jiayue Fan , and Carolina Villegas-Sánchez
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 26 April 2019
Keywords: Total factor productivity, Capital stocks, Employment, Production, Production functions, Markups, Market power, TFP, Firm size, markup
Using a new firm-level dataset on private and listed firms from 20 countries, we document five stylized facts on market power in global markets. First, competition has declined around the world, measured as a moder...