A Tale of Two Cycles: Closure, Downsizing and Productivity Growth in UK Manufacturing, 1973-89
Abstract
This paper uses the ARD, the new longitudinal database of the Census of Production, to analyse productivity at the establishment level in the two cycles of 1973-79 and 1979-89. Contrary to a commonly held view, closures did not play a major role in accounting for productivity growth in 1979-89. Establishments which exited had lower productivity than survivors but the exits were replaced by entrants which also had low productivity. Most of productivity growth was due to growth within survivors. The greatest gains occurred in the 36 establishments employing 7,500 or more in 1979; these accounted for a third of productivity growth amongst survivors. Most productivity growth occurred in establishments which downsized employment. But despite an overall fall of a quarter in employment, 16% of productivity growth occurred in establishments which expanded employment. The main difference between 1973-79 and 1979-89 was in the productivity growth rate amongst survivors. In 1973- 79, it was negative overall and over half of employment was initially in establishments where productivity fell.Download Info
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Paper provided by National Institute of Economic and Social Research in its series NIESR Discussion Papers with number 140.Length:
Date of creation: Aug 1998
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Handle: RePEc:nsr:niesrd:140
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Richard Harris & John Moffat, 2012. "Total Factor Productivity Growth in Local Economic Partnership Regions in Britain, 1997-2008," SERC Discussion Papers 0112, Spatial Economics Research Centre, LSE.
- Chevalier, P-A. & Lecat, R. & Oulton, N., 2009.
"Convergence of firm-level productivity, globalisation, information technology, and competition: evidence from France,"
Working papers
237, Banque de France.
- Paul-Antoine Chevalier & Rémy Lecat & Nicholas Oulton, 2009. "Convergence of Firm-Level Productivity, Globalisation, Information Technology and Competition: Evidence from France," CEP Discussion Papers dp0916, Centre for Economic Performance, LSE.
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