Import Competition, Productivity, and Restructuring in UK Manufacturing
AbstractWe discuss the literature on the importance of entry and exit for raising productivity growth. Using micro data for the UK for a period from 1980 to 2000, we find that the share of productivity growth accounted for by entry and exit has increased considerably: from around 25 per cent in the 1980s to around 50 per cent in the 1990s. We then ask to what extent increased globalization--measured as sectoral import penetration--might have explained this and find effects from both globalization and information and communication technology. Copyright 2004, Oxford University Press.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Review of Economic Policy.
Volume (Year): 20 (2004)
Issue (Month): 3 (Autumn)
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- Crafts, Nicholas, 2011.
"British Relative Economic Decline Revisited,"
CEPR Discussion Papers
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- Crafts, Nicholas, 2012. "British relative economic decline revisited: The role of competition," Explorations in Economic History, Elsevier, vol. 49(1), pages 17-29.
- Ralf Martin, 2004. "Globalisation, ICT and the Nitty Gritty of Plant Level Datasets," CEP Discussion Papers dp0653, Centre for Economic Performance, LSE.
- Crafts, Nicholas, 2012. "Creating Competitive Advantage: Policy Lessons from History," CAGE Online Working Paper Series 90, Competitive Advantage in the Global Economy (CAGE).
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