Industrial Restructuring and Economic Growth

Industrial Restructuring and Economic Growth The last two decades have been a period of structural change in industrialised countries. The extent of this restructuring process has been different across countries and industries, though. In this paper we investigate the effect of lagging behind in the process of downsizing and deconcentration. We find empirical evidence of industries that experienced only little downsizing when compared internationally to experience less subsequent growth, on average. However, this effect is industry-dependent and its magnitude depends upon whether firm or establishment data are used. Technologically advanced industries are found to be particularly sensitive to (lack of) restructuring. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Small Business Economics Springer Journals

Industrial Restructuring and Economic Growth

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 2002 by Kluwer Academic Publishers
Subject
Business and Management; Management; Microeconomics; Entrepreneurship; Industrial Organization
ISSN
0921-898X
eISSN
1573-0913
D.O.I.
10.1023/A:1015227217356
Publisher site
See Article on Publisher Site

Abstract

The last two decades have been a period of structural change in industrialised countries. The extent of this restructuring process has been different across countries and industries, though. In this paper we investigate the effect of lagging behind in the process of downsizing and deconcentration. We find empirical evidence of industries that experienced only little downsizing when compared internationally to experience less subsequent growth, on average. However, this effect is industry-dependent and its magnitude depends upon whether firm or establishment data are used. Technologically advanced industries are found to be particularly sensitive to (lack of) restructuring.

Journal

Small Business EconomicsSpringer Journals

Published: Oct 13, 2004

References

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