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Impeded Industrial Restructuring: The Growth Penalty

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Author Info
Audretsch, David B
Thurik, A R Roy

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Abstract

This paper documents that a process of industrial restructuring has been transforming the developed economies, where large corporations are accounting for less economic activity and small firms are accounting for a greater share of economic activity. Not all countries, however, are experiencing the same shift in their industrial structures. Very little is known about the cost of resisting this restructuring process. The goal of this paper is to identify whether there is a cost, measured in terms of foregone growth, of an impeded restructuring process. The cost is measured by linking growth rates of European countries to deviations from the optimal industrial structure. The empirical evidence suggests that countries impeding the restructuring process pay a penalty in terms of foregone growth.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 2648.

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Date of creation: Dec 2000
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Handle: RePEc:cpr:ceprdp:2648

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Related research
Keywords: Economic Growth Entrepreneurship Firm Size Distribution Industry Structure

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Find related papers by JEL classification:
L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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  1. John Hutchinson, 2003. "Is there a Lower Bound to the Firm Size Distribution Comparing Transition Economies with an Established Market Economy," LICOS Discussion Papers 13503, LICOS - Centre for Institutions and Economic Performance, K.U.Leuven. [Downloadable!]
  2. Audretsch, David B & Sanders, Mark, 2007. "Globalization and the Rise of the Entrepreneurial Economy," CEPR Discussion Papers 6247, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  3. Lorraine Uhlaner & Roy Thurik, 2005. "Post-Materialism Influencing Total Entrepreneurial Activity Across Nations," Discussion Papers on Entrepreneurship, Growth and Public Policy 2005-20, Max Planck Institute of Economics, Group for Entrepreneurship, Growth and Public Policy. [Downloadable!]
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  4. Noorderhaven, N. & Thurik, A.R. & Wennekers, A.R.M. & Stel, A.J. van, 2003. "Self-Employment Across 15 European Countries:," Research Paper ERS-2003-081-ORG Revision, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni. [Downloadable!]
  5. Isabel Grilo & Roy Thurik, 2005. "Entrepreneurial engagement levels in the European Union," Discussion Papers on Entrepreneurship, Growth and Public Policy 2005-29, Max Planck Institute of Economics, Group for Entrepreneurship, Growth and Public Policy. [Downloadable!]
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  6. Audretsch, David B & Carree, Martin A & Thurik, A R Roy & van Stel, A J, 2005. "Does Self-Employment Reduce Unemployment?," CEPR Discussion Papers 5057, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  7. Singh, Lakhwinder, 2004. "Technological Progress, Structural Change and Productivity Growth in Manufacturing Sector of South Korea," MPRA Paper 99, University Library of Munich, Germany. [Downloadable!]
  8. Andre van Stel, . "COMPENDIA: Harmonizing business ownership data across countries and over time," Discussion Papers on Entrepreneurship, Growth and Public Policy 2005-05, Max Planck Institute of Economics, Group for Entrepreneurship, Growth and Public Policy. [Downloadable!]
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  9. Martin Carree & André van Stel & Roy Thurik & Sander Wennekers, 2007. "The Relation between Economic Development and Business Ownership revisited," Tinbergen Institute Discussion Papers 07-022/3, Tinbergen Institute. [Downloadable!]
  10. Christiane Clemens & Maik Heinemann, 2005. "On the Effects of Redistribution on Growth and Entrepreneurial Risk-Taking," Working Paper Series in Economics 6, University of Lüneburg, Institute of Economics. [Downloadable!]
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  11. Uhlaner, L.M. & Thurik, A.R. & Hutjes, J., 2002. "Post-Materialism as a Cultural Factor Influencing Entrepreneurial Activity across Nations," Research Paper ERS-2002-62-STR Revision_, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni. [Downloadable!]
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  12. Isabel Grilo & Roy Thurik, 2004. "Determinants of entrepreneurship in Europe," Discussion Papers on Entrepreneurship, Growth and Public Policy 2004-30, Max Planck Institute of Economics, Group for Entrepreneurship, Growth and Public Policy. [Downloadable!]
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    • Grilo, I. & Thurik, A.R., 2004. "Determinants Of Entrepreneurship In Europe," Research Paper ERS-2004-106-ORG Revision, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni. [Downloadable!]
  13. Isabel Grilo & Jesus Maria Irigoyen, 2005. "Entrepreneurship in the EU: to wish and not to be," Discussion Papers on Entrepreneurship, Growth and Public Policy 2005-01, Max Planck Institute of Economics, Group for Entrepreneurship, Growth and Public Policy. [Downloadable!]
  14. Massimo FLORIO & Emanuele OZZIMO, 2006. "Innovation strategies for SMEs and clusters: the challenges of a globalised Europe," Departemental Working Papers 2006-16, Department of Economics University of Milan Italy. [Downloadable!]
  15. Thurik, A.R. & Wennekers, A.R.M., 2001. "A Note on Entrepreneurship, Small Business and Economic Growth," Research Paper ERS-2001-60-STR Revision_, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni. [Downloadable!]
  16. Sander Wennekers & Andre van Stel & Niels Noorderhaven & Roy Thurik, 2004. "The Role Of Dissatisfaction And Per Capita Income In Explaining Self-Employment Across 15 European Countries," Discussion Papers on Entrepreneurship, Growth and Public Policy 2004-11, Max Planck Institute of Economics, Group for Entrepreneurship, Growth and Public Policy. [Downloadable!]
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  17. Singh, Lakhwinder & Jain, Varinder, 2006. "Unorganised Manufacturing Industry in the Era of Globalization: A Study of Punjab," MPRA Paper 197, University Library of Munich, Germany. [Downloadable!]
  18. Roy Thurik & Isabel Grilo, 2005. "Determinants of entrepreneurial engagement levels in Europe and the US," Discussion Papers on Entrepreneurship, Growth and Public Policy 2005-25, Max Planck Institute of Economics, Group for Entrepreneurship, Growth and Public Policy. [Downloadable!]
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  19. David B. Audretsch & Mark Sanders, 2007. "Globalization and the Rise of the Entrepreneurial Economy," Jena Economic Research Papers 2007-003, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics, Thueringer Universitaets- und Landesbibliothek. [Downloadable!]
  20. Clemens, Christiane, 2004. "Entrepreneurship and Growth - An Overlapping Generations Approach -," Diskussionspapiere der Wirtschaftswissenschaftlichen Fakultät der Universität Hannover dp-304, Universität Hannover, Wirtschaftswissenschaftliche Fakultät. [Downloadable!]
  21. Roy Thurik & Isabel Grilo, 2005. "Latent and actual entrepreneurship in Europe and the US: some recent developments," Discussion Papers on Entrepreneurship, Growth and Public Policy 2005-24, Max Planck Institute of Economics, Group for Entrepreneurship, Growth and Public Policy. [Downloadable!]
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