search query: @indexterm restructuring / total: 48
reference: 46 / 48
| Author: | Disney, R. Haskel, J. Heden, Y. |
| Title: | Restructuring and productivity growth in UK manufacturing |
| Journal: | Economic Journal
2003 : JUL, VOL. 113:489, p. 666-694 |
| Index terms: | Growth Manufacturing Productivity Restructuring United Kingdom |
| Language: | eng |
| Abstract: | Productivity growth is analysed in UK manufacturing 1980-92 using a newly available ARD panel of establishments drawn from the Census of Production. The contribution of "internal" restructuring (new technology and organisational change among survivors) and "external" restructuring (exit, entry and market share change) to productivity growth is examined. The findings are: 1) "external" restructuring accounts for 50% of establishment labour productivity growth and 80-90% of establishment TFP growth, 2) much of the external restructuring effect comes from multi-establishment companies closing down poorly-performing plants and opening high-performing new ones and 3) external competition is an important determinant of internal restructuring. |
SCIMA