Abstract Traditional studies on the relationship between the market concentration and the economic performance implicitly assume that the industry life cycle remains constant. Using the panel data of China’s economic censuses in 2004, 2008 and 2013, the industry life cycle of 493 sub-sectors is measured based on the growth rate classification method. The adjustment effect model is adopted to further integrate the industry life cycle, which is an important significant variable, into the analysis framework so as to reveal the the impact of the market concentration on the performance during different periods of the industrial development. The empirical results show that during the formation period and the growth period of the industrial development, expanding industrial scale has little effect on the performance, while in stable and the recession periods it effectively improve the performance of the industry. The industry life cycle not only directly affects the performance of the industry, but also plays a significant role in regulating the relationship between the market concentration and the economic performance.
ZHENG Fei. Industry Life Cycle, Market Concentration and Economic Performance ——An Empirical Study Based on 493 Sub-sectors of China’s Industry. Economic Survey, 2019, 36(3): 081.
2019, Vol. 36 
