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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w20427 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w20427 |
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/578100 |
推荐引用方式 GB/T 7714 | Lucia Foster,Cheryl Grim,John Haltiwanger. Reallocation in the Great Recession: Cleansing or Not?. 2014. |
条目包含的文件 | 条目无相关文件。 |
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