Increasing returns and externalities in UK manufacturing: myth or reality?
AbstractThe author applies the method of R. J. Caballero and R. K. Lyons to industry-level data for U.K. manufacturing. He finds evidence for a positive external effect, arising from the expansion of manufacturing as a whole, but expansion at the sectoral level was found not to generate external effects. Nor was any evidence found for increasing returns that are internal to the industry: here returns appear to be constant. The author argues that external effects at the level of aggregate manufacturing cannot be explained away as due to measurement error or cyclical effects. However, alternative explanations, such as economywide shocks, cannot be totally excluded. Copyright 1996 by Blackwell Publishing Ltd.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by National Institute of Economic and Social Research in its series NIESR Discussion Papers with number 62.
Date of creation:
Date of revision:
Contact details of provider:
Postal: 2 Dean Trench Street Smith Square London SW1P 3HE
Web page: http://niesr.ac.uk
Other versions of this item:
- Oulton, Nicholas, 1996. "Increasing Returns and Externalities in UK Manufacturing: Myth or Reality?," Journal of Industrial Economics, Wiley Blackwell, vol. 44(1), pages 99-113, March.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Pemberton, James, 1999. "Social Security: National Policies with International Implications," Economic Journal, Royal Economic Society, vol. 109(457), pages 492-508, July.
- Ana Rincon & Michela VECCHI & Francesco VENTURINI, 2012. "ICT spillovers, absorptive capacity and productivity performance," Quaderni del Dipartimento di Economia, Finanza e Statistica 103/2012, Università di Perugia, Dipartimento Economia, Finanza e Statistica.
- Driver, Ciaran & Temple, Paul & Urga, Giovanni, 2006.
"Identifying externalities in UK manufacturing using direct estimation of an average cost function,"
Elsevier, vol. 92(2), pages 228-233, August.
- Ciaran Driver & Paul Temple & Giovanni Urga, 2005. "Identifying Externalities in UK Manufacturing Using Direct Estimation of an Average Cost Function," School of Economics Discussion Papers 1005, School of Economics, University of Surrey.
- Andreas Pfingsten & Reiner Wolff, 2009. "Factor Supply Changes in Small Open Economies: Rybczynski Derivatives under Increasing Marginal Costs," Finnish Economic Papers, Finnish Economic Association, vol. 22(1), pages 9-20, Spring.
- Salvador Barrios & Federico Trionfetti., . "Demand- and Supply-Driven Externalities in OECD Countries: A Dynamic Panel Approach," Working Papers 2002-10, FEDEA.
- Girma, Sourafel & Görg, Holger, 2002.
"Foreign Ownership, Returns to Scale and Productivity: Evidence from UK Manufacturing Establishments,"
CEPR Discussion Papers
3503, C.E.P.R. Discussion Papers.
- Girma, Sourafel & Holger Gorg, 2003. "Foreign ownership, returns to scale and productivity: Evidence from UK manufacturing establishments," Royal Economic Society Annual Conference 2003 87, Royal Economic Society.
- repec:hal:journl:halshs-00598033 is not listed on IDEAS
- Cameron, G. & Proudman, J. & Redding, S., 1998.
"Deconstructing Growth in UK Manufacturing,"
28, Centre for Economic Performance & Institute of Economics.
- Salvador Barrios & Eric Strobl, 2002. "Foreign direct investment and productivity spillovers: Evidence from the Spanish experience," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 138(3), pages 459-481, September.
- Lindström, Tomas, 1999. "External Economies at the Firm Level: Evidence from Swedish Manufacturing," Working Paper Series 89, Sveriges Riksbank (Central Bank of Sweden).
- Nigel Driffield & Max Munday & Annette Roberts, 2002. "Foreign Direct Investment, Transactions Linkages, and the Performance of the Domestic Sector," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 9(3), pages 335-351.
- P. Hart, 2000. "Theories of Firms' Growth and the Generation of Jobs," Review of Industrial Organization, Springer, vol. 17(3), pages 229-248, November.
- Biewen, Martin & Weiser, Constantin, 2011. "A New Approach to Testing Marginal Productivity Theory," IZA Discussion Papers 6113, Institute for the Study of Labor (IZA).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Communications Manager).
If references are entirely missing, you can add them using this form.