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Aggregate Growth: What Have We Learned from Microeconomic Evidence?

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  • John Haltiwanger

Abstract

This paper provides a synthesis of what is known about the determinants of output growth based on studying microeconomic data sets. It starts with a summary of the theoretical explanations which help reconcile heterogeneous performance observed across establishments in the same sector. The related theoretical literature on creative destruction models of growth is also discussed. This is followed by a review of the recent empirical literature on the relationship between microeconomic and macroeconomic productivity growth. The final section discusses the main empirical findings, the caveats of interpretation and the main issues of interpretation underlying the relationship between reallocation and growth ... Ce papier document une synthèse de l’état des connaissances des déterminants de la croissance sur la base de l’étude de données microéconomiques. Il commence par un résumé des explications théoriques aidant à expliquer l’existence des performances hétérogènes observées entre les établissements au sein d’un même secteur. La littérature théorique correspondante sur les modèles de destruction créatrice est également discutée. Suit une revue de la littérature empirique récente à propos des relations entre la croissance de la productivité aux niveaux microéconomique et macroéconomique. La dernière section discute des principaux constats empiriques, les problèmes d’interprétation sous-jacents à la relation entre réallocation et croissance ...

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File URL: http://dx.doi.org/10.1787/303067464021
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Bibliographic Info

Paper provided by OECD Publishing in its series OECD Economics Department Working Papers with number 267.

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Date of creation: 12 Oct 2000
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Handle: RePEc:oec:ecoaaa:267-en

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Related research

Keywords: industry productivity; establishment level data; reallocation; productivité sectorielle; réallocation; données individuelles d'établissement;

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