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Industrial Restructuring and Economic Growth

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Author Info
 Carree, M A

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Abstract

The last two decades have been a period of structural change in industrialised countries. The extent of this restructuring process has been different across countries and industries, though. In this paper we investigate the effect of lagging behind in the process of downsizing and deconcentration. We find empirical evidence of industries that experienced only little downsizing when compared internationally to experience less subsequent growth, on average. However, this effect is industry-dependent and its magnitude depends upon whether firm or establishment data are used. Technologically advanced industries are found to be particularly sensitive to (lack of) restructuring. Copyright 2002 by Kluwer Academic Publishers

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Publisher Info
Article provided by Springer in its journal Small Business Economics.

Volume (Year): 18 (2002)
Issue (Month): 4 (June)
Pages: 243-55
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Handle: RePEc:kap:sbusec:v:18:y:2002:i:4:p:243-55

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  1. C. Praag & Peter Versloot, 2007. "What is the value of entrepreneurship? A review of recent research," Small Business Economics, Springer, vol. 29(4), pages 351-382, December. [Downloadable!] (restricted)
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  2. M.A. Carree & A.R. Thurik, 2008. "The Lag Structure of the Impact of Business Ownership on Economic Performance in OECD Countries," Small Business Economics, Springer, vol. 30(1), pages 101-110, January. [Downloadable!] (restricted)
    Other versions:
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