G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w20427
来源IDWorking Paper 20427
Reallocation in the Great Recession: Cleansing or Not?
Lucia Foster; Cheryl Grim; John Haltiwanger
发表日期2014-08-28
出版年2014
语种英语
摘要The high pace of reallocation across producers is pervasive in the U.S. economy. Evidence shows this high pace of reallocation is closely linked to productivity. While these patterns hold on average, the extent to which the reallocation dynamics in recessions are "cleansing" is an open question. We find downturns prior to the Great Recession are periods of accelerated reallocation even more productivity enhancing than reallocation in normal times. In the Great Recession, we find the intensity of reallocation fell rather than rose and the reallocation that did occur was less productivity enhancing than in prior recessions.
主题Macroeconomics ; Consumption and Investment ; Business Cycles ; Labor Economics ; Unemployment and Immigration ; Development and Growth ; Growth and Productivity
URLhttps://www.nber.org/papers/w20427
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/578100
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GB/T 7714
Lucia Foster,Cheryl Grim,John Haltiwanger. Reallocation in the Great Recession: Cleansing or Not?. 2014.
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