Aghion, P.;
Blundell, R.;
Griffith, R.;
Howitt, P.;
Prantl, S.;
(2004)
Entry and productivity growth: evidence from microlevel panel data.
Journal of the European Economic Association
, 2
(2-3)
pp. 265-276.
10.1162/154247604323067970.
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Abstract
How does entry affect productivity growth of incumbents? In this paper we exploit policy reforms in the United Kingdom that changed entry conditions by opening up the U.K. economy during the 1980s and panel data on British establishments to shed light on this question. We show that more entry, measured by a higher share of industry employment in foreign firms, has led to faster total factor productivity growth of domestic incumbent firms and thus to faster aggregate productivity growth.
| Type: | Article |
|---|---|
| Title: | Entry and productivity growth: evidence from microlevel panel data |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1162/154247604323067970 |
| Publisher version: | http://dx.doi.org/10.1162/154247604323067970 |
| Language: | English |
| Additional information: | Copyright Massachusetts Institute of Technology Press |
| Keywords: | L5, L10, O31, O4 |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
| URI: | https://discovery.ucl.ac.uk/id/eprint/15844 |
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