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Corporate Restructuring and Labor Productivity Growth

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  • Hakkala, Katariina

    ()
    (The Research Institute of Industrial Economics)

Abstract

This paper analyzes corporate restructuring and its role in generating labor productivity growth in a sample of large Swedish manufacturing corporations. It is found that external restructuring, including ownership changes, start-ups and closures of plants, accounted for up to 47 percent of the productivity growth of the sample of corporations during the 1986-96 period. The results indicate that the productivity of large multi-plant corporations grew almost twice as fast as that of single-plant firms with the same internal productivity growth, thanks to their organizational flexibility. Divestitures of low productive plants were found to play a particularly important role in the replacement process generating productivity growth. The effect of external restructuring on productivity is to some extent explained by a shift towards a more skill-intensive production.

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Bibliographic Info

Paper provided by Research Institute of Industrial Economics in its series Working Paper Series with number 619.

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Length: 33 pages
Date of creation: 28 Feb 2004
Date of revision:
Handle: RePEc:hhs:iuiwop:0619

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Postal: Research Institute of Industrial Economics, Box 55665, SE-102 15 Stockholm, Sweden
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Web page: http://www.ifn.se/
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Keywords: Corporate Restructuring; Labor Productivity Growth;

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  18. repec:fth:michin:445 is not listed on IDEAS
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Cited by:
  1. Oh, Inha & Heshmati, Almas & Baek, Chulwoo & Lee, Jeong-Dong, 2006. "Comparative Analysis of Firm Dynamics by Size: Korean Manufacturing," Ratio Working Papers 94, The Ratio Institute.

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