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Micro Level Dynamics of Productivity Growth

Mika Maliranta

Published by LAP Lambert Academic Publishing
ISBN 10: 3838301072 / ISBN 13: 9783838301075
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Bibliographic Details


Title: Micro Level Dynamics of Productivity Growth

Publisher: LAP Lambert Academic Publishing

Binding: Paperback

Book Condition: New

Book Type: Paperback

Description:

Paperback. 240 pages. Dimensions: 8.7in. x 5.9in. x 0.6in.The study analyses the dynamics of productivity growth at the micro level in Finnish manufacturing industries. It is shown that productivity-enhancing restructuring (so-called creative destruction) has played a crucial role especially since the mid-1980s. Empirical evidence is provided that R and D efforts and exposure to global competition through imports and exports have affected positively with a few years lag. The results for R and D are in accordance with the views that innovations and technological progress entail experimentation, selection and reallocation of resources at the micro level that are important for economic development. An increase in productivity divergence seems to precede increases in creative destruction. However, at the same time creative destruction also compresses productivity dispersion by cleansing low productivity units. The positive effect of international trade, in turn, points to the importance of product market competition which is emphasised in the recent theoretical literature. Finally, the main part of productivity-enhancing restructuring can be attributed to newly established plants, which indicates the importance of entrants to creative destruction. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Bookseller Inventory # 9783838301075

About this title:

Synopsis: The study analyses the dynamics of productivity growth at the micro level in Finnish manufacturing industries. It is shown that productivity-enhancing restructuring (so-called ?creative destruction?) has played a crucial role especially since the mid-1980s. Empirical evidence is provided that R&D efforts and exposure to global competition through imports and exports have affected positively with a few years? lag. The results for R&D are in accordance with the views that innovations and technological progress entail experimentation, selection and reallocation of resources at the micro level that are important for economic development. An increase in productivity divergence seems to precede increases in creative destruction. However, at the same time creative destruction also compresses productivity dispersion by cleansing low productivity units. The positive effect of international trade, in turn, points to the importance of product market competition which is emphasised in the recent theoretical literature. Finally, the main part of productivity-enhancing restructuring can be attributed to newly established plants, which indicates the importance of entrants to creative destruction.

About the Author: Mika Maliranta is Research Director in ETLA and Docent (adjunctprofessor) in Helsinki School of Economics. In 2003 he obtained aPhD in economics at the Helsinki School of Economics. He haswritten a number of journal articles on severalproductivity-related issues, including R&D, innovation, ICT,competition, and labor?s education and experience.

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