| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17265 |
| 来源ID | Working Paper 17265 |
| The Incredible Shrinking Portuguese Firm | |
| Serguey Braguinsky; Lee G. Branstetter; Andre Regateiro | |
| 发表日期 | 2011-07-31 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | Using Portugal's extensive matched employer-employee data set, this paper documents an unusual feature of the Portuguese economy. For decades, the entire Portuguese firm size distribution has been shifting to the left. We argue in this paper that Portugal's shrinking firms are linked to the country's anemic growth and low productivity. We show that the shift in the Portuguese firm size distribution is not reflected in other advanced industrial economies for which we have been able to obtain comparable data. Careful attempts to account for expanding data coverage, a structural shift from manufacturing to services, and aggressive efforts to "demonopolize" the Portuguese economy leave about half of this shift unexplained by these factors. So, what does explain the shift? We argue that Portugal's uniquely strong protections for regular workers have played an important role. Drawing upon an emerging literature that that attributes much of the productivity gap between advanced nations and developing nations to the misallocation of resources across firms in developing countries, we develop a theoretical model that shows how Portugal's labor market institutions could prevent more productive firms from reaching their optimal size, thereby constraining GDP per capita. Calibration exercises based on this model quantify the degree of labor market distortion consistent with recent shifts in the Portuguese firm size distribution. These calibration exercises suggest quite substantial growth effects could arise if the distortions were lessened or abolished altogether. |
| 主题 | Labor Economics ; Labor Supply and Demand ; Labor Relations ; Other ; Law and Economics ; Industrial Organization ; Regulatory Economics ; Development and Growth ; Development ; Growth and Productivity ; Country Studies |
| URL | https://www.nber.org/papers/w17265 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574940 |
| 推荐引用方式 GB/T 7714 | Serguey Braguinsky,Lee G. Branstetter,Andre Regateiro. The Incredible Shrinking Portuguese Firm. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17265.pdf（479KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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