Data and Code for: Antitrust Policies and Profitability in Non-Tradable Sectors

Principal Investigator(s):  View help for Principal Investigator(s) Timothy Besley, Department of Economics and STICERD, London School of Economics and Political Science; Nicola Fontana, Department of Economics and Center for Economic Performance, London School of Economics and Political Science; Nicola Limodio, Department of Finance, BAFFI CAREFIN and IGIER, Bocconi University

Version:  View help for Version V1

Name File Type Size Last Modified
  Replication package 10/23/2020 01:16:PM

Project Citation: 

Besley, Timothy, Fontana, Nicola, and Limodio, Nicola. Data and Code for:  Antitrust Policies and Profitability in Non-Tradable Sectors. Nashville, TN: American Economic Association [publisher], 2021. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2021-05-24. https://doi.org/10.3886/E121821V1

Project Description

Summary:  View help for Summary
Firms in tradable sectors are more likely to be subject to external competition to limit market power while non-tradable firms are more dependent on domestic policies and institutions. This paper combines an antitrust index available for multiple countries with firm-level data from Orbis covering more than 10 million firms from 90 countries, covering 20 sectors over 10 years and finds that profit margins of firms operating in non-tradable sectors are significantly lower in countries with stronger antitrust policies compared to firms operating in tradable sectors. The results are robust to a wide variety of empirical specifications.

Scope of Project

Subject Terms:  View help for Subject Terms Competition; Antitrust; Institutions
JEL Classification:  View help for JEL Classification
      D22 Firm Behavior: Empirical Analysis
      E02 Institutions and the Macroeconomy
      L44 Antitrust Policy and Public Enterprises, Nonprofit Institutions, and Professional Organizations
Geographic Coverage:  View help for Geographic Coverage World
Time Period(s):  View help for Time Period(s) 2006 – 2015
Collection Date(s):  View help for Collection Date(s) 2016 – 2017
Universe:  View help for Universe Firm level data aggregated at country-sector level
Data Type(s):  View help for Data Type(s) aggregate data

Methodology

Data Source:  View help for Data Source Data at country-sector: Orbis-Bureau van Dijk
Antitrust index: Hilton and Deng (2007), Bradford et al. (2019)
GDP per capita, PPP: World Bank; Summary index of Economic Freedom of the World: Fraser Institute; Civil Liberties Index and Political Rights Index: Freedom House; Polity IV and Executive Constraints Index: Centre for Systemic Peace; Overall score among Rule of Law: World Justice Project
Unit(s) of Observation:  View help for Unit(s) of Observation Country-Sector

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Published Versions

V1 [2021-05-24]

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