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Market Concentration and the Productivity Slowdown

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Figure 1: Source: Market share of largest firm (by sales) in 4-digit SIC industries fromCompustat (weighted by industry sales); utilization-adjusted total factor productivity (TFP)growth from Fernald (2014).
Figure 3: Source: Author’s calculations from Compustat.
Figure 5: Source: author’s calculations from Compustat.
Figure 6: (Unweighted) average productivity gap to either the largest (left axis) or mostproductive (right axis) competitor in 4-digit SIC, sale-weighted across industries
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