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Entry, exit and productivity growth: Spanish manufacturing during the eighties

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  • Ana Martín-Marcos

    ()

  • Jordi Jaumandreu

    ()

Abstract

This paper analyses the role played by both competitive pressure (increasing imports) and the restructuring of industries through entry and exit in productivity growth of Spanish manufacturing during the eighties, the key period of its accession to the EEC economy. A GMM panel estimation of the determinants of corrected Solow residual for 75 manufacturing during 1979-1990, shows that these forces accounted for 80% of productivity growth, playing an important role the displacement of inefficient firms by competitive entry. Copyright Springer-Verlag Berlin/Heidelberg 2004

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Bibliographic Info

Article provided by Springer in its journal Spanish Economic Review.

Volume (Year): 6 (2004)
Issue (Month): 3 (October)
Pages: 211-226

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Handle: RePEc:spr:specre:v:6:y:2004:i:3:p:211-226

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Related research

Keywords: Productivity; Solow residual; entry; exit;

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Citations

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Cited by:
  1. Michele Cincera & Olivia Galgau, 2005. "Impact of market entry and exit on EU productivity and growth performance," European Economy - Economic Papers 222, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
  2. Arauzo Carod, Josep Maria & Liviano Solís, Daniel & Martín Bofarull, Mònica, 2006. "New business formation and employment growth: some evidence for the Spanish manufacturing industry," Working Papers 2072/3686, Universitat Rovira i Virgili, Department of Economics.
  3. Jorge Crespo & Francisco Javier Velázquez, 2003. "Multinationals and diffrsion of technology Between developed countries," European Economy Group Working Papers 26, European Economy Group.
  4. Paloma López-García & Sergio Puente & Ángel Luis Gómez, 2007. "Firm productivity dynamics in Spain," Banco de Espa�a Working Papers 0739, Banco de Espa�a.
  5. Asma Raies, 2013. "Firm entry and aggregate efficiency growth: An optimal dynamic - Program of entry and R&D investment," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 10(3), pages 355-376, December.
  6. Salvador Barrios & Eric Strobl, 2004. "Learning by Doing and Spillovers: Evidence from Firm-Level Panel Data," Review of Industrial Organization, Springer, vol. 25(2), pages 175-203, 06.
  7. Massón Guerra, José Luis, 2007. "El capital empresarial como determinante de la productividad y el crecimiento en España
    [The Impact of Entrepreneurship Capital on Spanish's Labor Productivity and Economic Growth]
    ," MPRA Paper 4073, University Library of Munich, Germany.
  8. Georges Siotis, 2000. "Market Power, Total Factor Productivity Growth, and Structural Change. An Illustration for Spain, 1983-1996," Banco de Espa�a Working Papers 0001, Banco de Espa�a.
  9. Angel Estrada & J. David López-Salido, 2001. "Sectoral and Aggregate Technology Growth in Spain," Banco de Espa�a Working Papers 0116, Banco de Espa�a.
  10. Siotis, Georges, 2003. "Competitive pressure and economic integration: an illustration for Spain, 1983-1996," International Journal of Industrial Organization, Elsevier, vol. 21(10), pages 1435-1459, December.
  11. Miguel García-Posada & Juan S. Mora-Sanguinetti, 2014. "Entrepreneurship and enforcement institutions: Disaggregated evidence for Spain," Banco de Espa�a Working Papers 1405, Banco de Espa�a.
  12. Ugur Soytas, 2009. "Modeling Firm Population Dynamics: An Application to the Turkish Manufacturing Industry for the 1950¡V2000 Period," International Journal of Business and Economics, College of Business, and College of Finance, Feng Chia University, Taichung, Taiwan, vol. 8(3), pages 213-223, December.

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