Industry Concentration, Firm-level Markups and Business Dynamics from Austrian Micro-data
This paper provides a first empirical assessment of selected key indicators of the degree of competition in Austria in terms of industry concentration, firm-level markups and business dynamics. The analysis is based on firm-level data from 2008 to 2020 in collaboration with OECD Multiprod 2.0 and the Austrian Micro Data Center (AMDC). The results show that concentration has remained rather stable, while firm dynamics have promoted the reallocation of production and employment to more productive firms. However, average markups have increased in various sectors, especially in non-tradable services, indicating a self-reinforcing dynamic where the "winners-take-more".