Impeded industrial restructuring: The growth penalty

Arbeitspapier

This paper documents that a process of industrial restructuring has been transforming the developed economies, where large corporations are accounting for less economic activity and small firms are accounting for a greater share of economic activity. Not all countries, however, are experiencing the same shift in their industrial structures. Very little is known about the cost of resisting this restructuring process. The goal of this paper is to identify whether there is a cost, measured in terms of forgone growth, of an impeded restructuring process. The cost is measured by linking growth rates of OECD countries to deviations from the optimal industrial structure. The empirical evidence suggests that countries impeding the restructuring process pay a penalty in terms of forgone growth.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: HWWA Discussion Paper ; No. 114

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Production, Pricing, and Market Structure; Size Distribution of Firms ; Macroeconomic Analyses of Economic Development
• Thema: Industry structure ; firm size distribution ; entrepreneurship ; economic growth ; Industrieller Strukturwandel ; Strukturpolitik ; Wirtschaftliche Anpassung ; Wirtschaftswachstum ; Betriebsgröße ; Unternehmer ; OECD-Staaten

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Audretsch, David B. ; Carree, Martin A. ; van Stel, André J. ; Thurik, A. Roy
• Ereignis: Veröffentlichung
• (wer): Hamburg Institute of International Economics (HWWA)
• (wo): Hamburg
• (wann): 2000

Weitere Informationen

• Handle: http://hdl.handle.net/10419/19437
• Letzte Aktualisierung: 20.09.2024, 08:24 MESZ