Restructuring and Productivity Growth in UK Manufacturing

Disney, Richard; Haskel, Jonathan; Heden, Ylva

doi:10.1111/1468-0297.t01-1-00145

Cited by 371 publications

(310 citation statements)

References 38 publications

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“…One way of assessing the impact of new firms or establishments on economic performance is to estimate the contribution of entries and exits on productivity (see BALDWIN, 1995;DISNEY, HASKEL and HEDEN, 2003;FOSTER, HALTIWANGER and KRIZAN, 2001, and the review by CAVES, 1998). A standard result of this type of analysis is that a considerable part of the productivity improvement can be attributed to the entry of new units with aboveaverage productivity and the exit of units with relatively low productivity.…”

Section: Start-ups or Market Entriesmentioning

confidence: 99%

“…A standard result of this type of analysis is that a considerable part of the productivity improvement can be attributed to the entry of new units with aboveaverage productivity and the exit of units with relatively low productivity. A significant portion of improvements in productivity is due to the turnover of units and takes place within multi-plant firms that close down low-productivity plants and set up highly efficient new ones (DISNEY, HASKEL and HEDEN, 2003).…”

Section: Start-ups or Market Entriesmentioning

confidence: 99%

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Effects of New Business Formation on Regional Development over Time

Fritsch¹,

Mueller²

2004

Regional Studies

479

425

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Fritsch M. and Mueller P. (2004) Effects of new business formation on regional development over time, Regional Studies38, 961-975. In the analysis of the impact of new business formation on regional employment change, considerable time lags were identified. The structure and extent of these time lags were investigated by applying the Almon lag model and it was found that new firms can have both a positive and a negative effect on regional employment. The results indicate that the indirect effects of new business formation (crowding out of competitors, improvement of supply conditions and improved competitiveness) are of greater magnitude than the direct effect, i.e. the jobs created in the new entities. The peak of the positive impact of new businesses on regional development is reached about 8 years after entry. Fritsch M. et Mueller P. (2004) Les effets temporels de la creation d'entreprise sur l'amenagement du territoire, Regional Studies38, 961-975. Cette analyse des effets de la creation d'entreprise sur l'amenagement du terriotire identifie d'importants decalages dans le temps. On examine la structure et la portee de ces decalages en appliquant le modele Almon. Il s'avere que les nouvelles entreprises font preuves d'effets postifs et negatifs sur l'emploi regional. Les resultats portent a croire que les effets indirects de la creation d'entreprise (l'eviction des concurrents, l'amelioration des conditions de l'offre, et une competitivite accrue) sont d'une plus grande importance que ne l'est l'effet direct, c'est a dire les emplois crees dans les nouveaux etablissements. L'effet positif des nouvelles entreprises sur l'amenagement du territoire touche a son maximum environ huit annees apres la creation de celles-la. Fritsch M. und Mueller P. (2004) Der Einfluss von Grundungsprozessen auf die Regionalentwicklung im Zeitablauf, Regional Studies38, 961-975. Fur den Einfluss von Grundungsaktivitaten auf die Regionalentwicklung lassen sich erhebliche Zeitverzogerungen feststellen. Wir analysieren das Ausmass und die Struktur dieser Zeitverzogerungen mit dem Almon-Lag Verfahren. Die Ergebnisse zeigen, dass Grundungen sowohl einen positiven als auch einen negativen Einfluss auf das Beschaftigungsniveau haben konnen. Allgemein scheinen die indirekten Effekte des Grundungsgeschehens (Verdrangung etablierter Konkurrenten, Verbesserung des Angebots und gesteigerte Wettbewerbsfahigkeit) starker ausgepragt zu sein als der direkte Effekt, gemessen als die in den neuen Firmen entstandenen Arbeitsplatze. Das Maximum des positiven Einflusses der Grundungen auf die Regionalenwicklung wird nach ca. acht Jahren erreicht. Fritsch M. y Mueller P. (2004) Los efectos de la formacion de nuevas empresas en el desarrollo regional a lo largo del tiempo, Regional Studies38, 961-975. En el analisis del impacto de la formacion de nuevas empresas sobre la variacion en el empleo regional se identifican retardos temporales considerables. Nosostros investigamos la estructura y el grado de estos retardos mediante la aplicacion del modelo de re...

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Section: Start-ups or Market Entriesmentioning

confidence: 99%

Section: Start-ups or Market Entriesmentioning

confidence: 99%

Effects of New Business Formation on Regional Development over Time

Fritsch¹,

Mueller²

2004

Regional Studies

479

425

View full text Add to dashboard Cite

show abstract

“…(ii) The process of technological dissemination, even within narrowly defined industries, is very slow and produces persistent differences with regard to firms' productive performance (Disney, Haskel, and Heden, 2003).…”

Section: Asymmetric Informationmentioning

confidence: 99%

The New Imperative of Innovation: Policy Perspectives for Latin America and the Caribbean

Navarro¹,

Benavente²,

Crespi³

2016

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The main purpose of this study is to present the conceptual basis that supports science, technology, and innovation (STI) policy in Latin America and the Caribbean (LAC). It starts by clarifying STI relationship, both conceptual and empirical, to economic growth and it explains how market and coordination failures hinder innovation. Then, it discusses a variety of demand-and supply-side policies aimed at addressing these private sector and institutional insufficiencies. In the specific case of LAC, it examines the region's underperformance in innovation relative to both emerging and advanced economies, and analyses the degree to which scientific productivity and knowledge inputs have led to accelerated economic development. Finally, the publication presents five dimensions of success for STI policies based on international best practices that should stimulate innovation and economic growth and guide the IDB's work in STI in the region. Any dispute related to the use of the works of the IDB that cannot be settled amicably shall be submitted to arbitration pursuant to the UNCITRAL rules. The use of the IDB's name for any purpose other than for attribution, and the use of the IDB's logo shall be subject to a separate written license agreement between the IDB and the user and is not authorized as part of this CC-IGO license.

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“…Research shows (CMA, 2015) that in private markets at least half of the increase in productivity over time arises from the exit of less productive firms and the entry of new and more productive firms (for example, Disney et al, 2003). New providers that enter the market may offer a different, innovative service or provide a service that better meets particular needs.…”

Section: Promoting Healthy Competition Between Providersmentioning

confidence: 99%

Public service markets: their economics, institutional oversight and regulation

et al. 2015

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Public services in the United Kingdom have been transformed over the past 25 years with the introduction of market-oriented solutions into their provision. This has been characterized by a shift away from state provision to independent providers, and by the introduction of competition and choice. This shift was partly ideologically motivated and partly driven by budget-cutting considerations following the global financial crisis. As such, it has been lacking a comprehensive economic justification or method of analysis. It is now commonly accepted that the language of economic markets is essential to frame arguments about how effectively public services are achieving their intended outcomes. Using market language and concepts may not always be comfortable for those from a traditional policymaking background. It can nevertheless be very useful when designing investigations into the effectiveness and value for money in the mechanisms of delivery of such services, whenever these services entail a degree of user choice as is currently the case in large parts of health care, social care and education (referred to as competition in the market). This article aims to provide a conceptual basis on the way of thinking in these terms. We provide a description of the current state and then comment on the desirability of this quasi-market approach. Uniquely in the literature, we analyse the expected and desired developments by distinguishing between choice and compulsory merit goods. In choice merit goods markets many users are unable to choose effectively because of the existence of a number of demand-side or supply-side market failures. Moreover, conflicts may exist between how service users actually make choices, and policy objectives such as universality or equity, which may not be achieved simply by "leaving it to the market". The users of compulsory merit goods are typically a minority and unable to internalize the full social benefits of their actions; hence, it may be welfare-enhancing for society to coerce them to "consume" these services. As choice cannot be an objective, the commissioning (competition for the market) or direct provision by the state of such goods may meet public policy objectives more effectively than the market mechanism alone. Building on these foundations, this article discusses when public service markets (PSMs) are likely to be an effective method of achieving public policy objectives, and when they may not be. We analyse the implications for the institutional and legal framework, funding oversight and regulation of PSMs as a result of their transformation into quasi-markets. We conclude with some suggestions for those charged with overseeing PSMs in practice based on this analysis.

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Restructuring and Productivity Growth in UK Manufacturing

Cited by 371 publications

References 38 publications

Effects of New Business Formation on Regional Development over Time

Effects of New Business Formation on Regional Development over Time

The New Imperative of Innovation: Policy Perspectives for Latin America and the Caribbean

Public service markets: their economics, institutional oversight and regulation

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