Entry, exit and productivity growth: Spanish manufacturing during the eighties

Martín-Marcos, Ana; Jaumandreu, Jordi

doi:10.1007/s10108-004-0079-1

“…Therefore, the high entry rates of these companies are often associated with high rates of innovation and increased efficiency. The implications of the increase in manufacturing productivity are consistent with the highest level of entry/exit experienced by the manufacturing industry countries (Marcos and Jaumandreu, 2004).…”

Section: Theorysupporting

confidence: 52%

“…company is closely linked to company size and age. On the other hand, Marcos and Jaumandreu (2004) showed the important role of competitive pressure (the increase of penetration in import markets which opened at extraordinary speed) and structural changes through a creative destruction process, which is by the displacement of inefficient enterprises.…”

Section: Theorymentioning

confidence: 99%

The Dynamics of Manufacturing Industry and the Response Toward Business Cycle

Kurniati

¹

,

Yanfitri

²

2010

BEMP

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The role of the manufacturing industry in the economy has expanded significantly from 19 percent in 1990 to 26 percent in 2009, while its labor absorption only increased from 10 percent to 12.2 percent. The cycle of the manufacturing industry has been in line with the economic growth. This study explores the implications of the firm-level heterogeneity over the business cycle. By using the panel multinomial logit, it shows that firms with less capital and small size have greater probability to exit the industry during the boom/ bust period. Sensitivity of the company to changes in capital is greater during the boom period. Only highly productive firms enter and begin production during recessions. Companies with higher productivity rate also have greater probability to enter the market. In contrast, higher production cost and higher market concentration increase the probability for smaller companies to exit from the industry.JEL Classification: : D24, L6, E32Keywords: Production, Cost, Capital and Total Factor Productivity, Industry Studies Manufacturing, Business Fluctuations/cycles

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“…Numerous studies have utilized firm‐level (or plant‐level) data to discuss various productivity issues for developed countries (e.g., Bartelsman and Dhrymes ; Ahn ; Fukao and Kwon ) or their comparison (e.g., Baily and Solow ). Some literature focuses on examining turnover and productivity growth, for example, Aw, Chen, and Roberts (), Baldwin and Gu (), Brandt, Van Biesebroeck, and Zhang (), Griliches and Regev (), and Martín‐Marcos and Jaumandreu ().…”

Section: Literature Reviewmentioning

confidence: 99%

Resource Allocation, Structural Change, and the Dynamics of Manufacturing Productivity in Indonesia

Yang

¹

,

Yang

²

,

Chiu

³

et al. 2018

The Developing Economies

3

0

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This paper analyzes productivity growth and its sources in the Indonesian manufacturing sector during the post‐Asian financial crisis period. Based on a plant‐level panel dataset over the period 2001–9, we find meager total factor productivity (TFP) growth in this country's manufacturing industries, merely achieving average annual growth of 0.03%, while TFP growth varies significantly across industries. Further decomposition suggests the need to effectively allocate resources across industries in order to promote aggregate productivity. Moreover, aggregate productivity growth coming from the total reallocation effect remains quite low, lending no support to the structural‐bonus hypothesis. Overall, TFP growth is mainly contributed by incumbents firms, whereas the contribution by firm mobility was larger in some years.

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“…Oleh karena itu, tingginya tingkat masuk perusahaan ini sering dikaitkan dengan tingginya tingkat inovasi dan peningkatan efisiensi. Implikasi dari kenaikan produktivitas manufaktur adalah selaras dengan tingkat masuk/keluar tertinggi yang dialami oleh negara-negara industri manufaktur di (Marcos dan Jaumandreu, 2004).…”

Section: Grafikunclassified

Dinamika Industri Manufaktur Dan Respon Terhadap Siklus Bisnis

Kurniati¹,

Yanfitri²

2010

BEMP

View full text Add to dashboard Cite

The role of the manufacturing industry in the economy has expanded significantly from 19 percent in 1990 to 26 percent in 2009, while its labor absorption only increased from 10 percent to 12.2 percent. The cycle of the manufacturing industry has been in line with the economic growth. This study explores the implications of the firm-level heterogeneity over the business cycle. By using the panel multinomial logit, it shows that firms with less capital and small size have greater probability to exit the industry during the boom/ bust period. Sensitivity of the company to changes in capital is greater during the boom period. Only highly productive firms enter and begin production during recessions. Companies with higher productivity rate also have greater probability to enter the market. In contrast, higher production cost and higher market concentration increase the probability for smaller companies to exit from the industry.JEL Classification: : D24, L6, E32Keywords: Production, Cost, Capital and Total Factor Productivity, Industry Studies Manufacturing, Business Fluctuations/cycles

show abstract

Entry, exit and productivity growth: Spanish manufacturing during the eighties

Cited by 13 publications

References 20 publications

The Dynamics of Manufacturing Industry and the Response Toward Business Cycle

The Dynamics of Manufacturing Industry and the Response Toward Business Cycle

Resource Allocation, Structural Change, and the Dynamics of Manufacturing Productivity in Indonesia

Dinamika Industri Manufaktur Dan Respon Terhadap Siklus Bisnis

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