| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2448 |
| DP2448 Exchange Rate And Foreign Inflation Risk Premiums In Global Equity Returns | |
| Maria Vassalou | |
| 发表日期 | 2000-05-30 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | We analyse productivity growth in UK manufacturing 1980-92 using the newly available ARD panel of establishments drawn from the Census of Production. We examine the relative importance of 'internal' restructuring (such as new technology and organizational change) and 'external' restructuring (the process by which less efficient establishments exit and more efficient establishments enter and increase market share). We find that (a) 'external restructuring' accounts for 50% of labour productivity growth and 90% of TFP growth over the period; (b) much of the external restructuring effect comes from multi-establishment firms closing down poorly-performing plants and opening high-performing new ones, and (c) external competition is an important determinant of internal restructuring. |
| 主题 | Labour Economics |
| 关键词 | Entry Exit Market selection Productivity Restructuring Total factor productivity |
| URL | https://cepr.org/publications/dp2448 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531529 |
| 推荐引用方式 GB/T 7714 | Maria Vassalou. DP2448 Exchange Rate And Foreign Inflation Risk Premiums In Global Equity Returns. 2000. |
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