ENTRY AND PRODUCTIVITY GROWTH: EVIDENCE FROM MICROLEVEL PANEL DATA

• 成果类型: Article
• 署名作者: Aghion, Philippe; Howitt, Peter; Blundell, Richard; Prantl, Susanne; Griffith, Rachel
• 署名单位: Harvard University; Brown University; University of London; University College London
• 刊物名称: JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
• ISSN/ISSBN: 1542-4766
• DOI: 10.1162/154247604323067970
• 发表日期: 2004
• 页码: 265-276
• 关键词: output; input; TRADE

摘要

How does entry affect productivity growth of incumbents? In this paper we exploit policy reforms in the United Kingdom that changed entry conditions by opening up the U.K. economy during the 1980s and panel data on British establishments to shed light on this question. We show that more entry, measured by a higher share of industry employment in foreign firms, has led to faster total factor productivity growth of domestic incumbent firms and thus to faster aggregate productivity growth. (JEL: L5, L10, O31, O4)