Restructuring and productivity growth in UK manufacturing

• 成果类型: Article
• 署名作者: Disney, R; Haskel, J; Heden, Y
• 署名单位: University of Nottingham; University of London; Queen Mary University London; London School Economics & Political Science
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/1468-0297.t01-1-00145
• 发表日期: 2003
• 页码: 666-694
• 关键词: dynamics; COMPETITION; experience; companies; models; entry; EXIT

摘要

We analyse productivity growth in UK manufacturing 1980-92 using the newly available ARD panel of establishments drawn from the Census of Production. We examine the contribution to productivity growth of 'internal' restructuring (such as new technology and organisational change among survivors) and 'external' restructuring (exit, entry and market share change). We find that (a) 'external restructuring' accounts for 50% of establishment labour productivity growth and 80-90% of establishment TFP growth; (b) much of the external restructuring effect comes from multi-establishment firms closing down poorly-performing plants and opening high-performing new ones, and (c) external competition is an important determinant of internal restructuring.