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Aggregate Growth: What Have We Learned from Microeconomic Evidence?

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Author Info
John Haltiwanger ()

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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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Paper provided by OECD Economics Department 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 reallocation establishment level data productivité sectorielle réallocation données individuelles d'établissement

Find related papers by JEL classification:
D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity
O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

Cited by:
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  1. Paloma López-García & Sergio Puente & Ángel Luis Gómez, 2007. "Firm productivity dynamics in Spain," Banco de España Working Papers 0739, Banco de España. [Downloadable!]
  2. Michael Peneder, 2002. "Industrial Structure and Aggregate Growth," WIFO Working Papers 182, WIFO. [Downloadable!]
    Other versions:
  3. Lööf, Hans & Heshmati, Almas, 2003. "The link between firm-level innovation and aggregate productivity growth : a cross-country examination," ZEW Discussion Papers 03-07, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
  4. Fabio Schiantarelli, 2005. "Product Market Regulation and Macroeconomic Performance: A Review of Cross Country Evidence," Boston College Working Papers in Economics 623, Boston College Department of Economics, revised 04 Aug 2008. [Downloadable!]
    Other versions:
  5. Eduardo Pontual Ribeiro & Carlos H. Corseuil & Daniel Santos & Paulo Furtado & Brunu Amorim & Luciana Servo & André Souza, 2004. "Trade Liberalization, The Exchange Rate And Job And Worker Flows In Brazil," Anais do XXXII Encontro Nacional de Economia [Proceedings of the 32th Brazilian Economics Meeting] 153, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]. [Downloadable!]
    Other versions:
  6. Loayza, Norman V. & Oviedo, Ana Maria & Serven, Luis, 2005. "Regulation and macroeconomic performance," Policy Research Working Paper Series 3469, The World Bank. [Downloadable!]
  7. Marcela Eslava & John Haltiwanger & Adriana Kugler & Maurice Kugler, 2004. "The Effects of Structural Reforms on Productivity and Profitability Enhancing Reallocation: Evidence from Colombia," Economics Working Papers 763, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
    Other versions:
  8. Alan G. Ahearne & Naoki Shinada, 2005. "Zombie Firms and Economic Stagnation in Japan," Hi-Stat Discussion Paper Series d05-95, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    Other versions:
  9. Sara G. Castellanos & Rodrigo Garcia-Verdu & David S. Kaplan, 2004. "Nominal Wage Rigidities in Mexico: Evidence from Social Security Records," NBER Working Papers 10383, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  10. Wei-Kang WONG, 2002. "The Manufacturing Sector Did Contribute to Convergence Among the OECD Countries," Departmental Working Papers wp0215, National University of Singapore, Department of Economics. [Downloadable!]
  11. Yu-Fu Chen & Michael Funke, 2004. "Cyclical Uncertainty And Physical Investment Decisions," Money Macro and Finance (MMF) Research Group Conference 2004 89, Money Macro and Finance Research Group. [Downloadable!]
  12. Giuseppe Moscarini & Francis Vella, 2002. "Aggregate worker reallocation and occupational mobility in the United States: 1971-2000," IFS Working Papers W02/18, Institute for Fiscal Studies. [Downloadable!]
    Other versions:
  13. Lööf, Hans & Heshmati, Almas & Asplund, Rita & Nåås, Svein-Olav, 2001. "Innovation and Performance in Manufacturing Industries: A Comparison of the Nordic Countries," Working Paper Series in Economics and Finance 0457, Stockholm School of Economics. [Downloadable!]
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