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Micro level dynamics of productivity growth: An empirical analysis of the great leap in Finnish manufacturing productivity in 1975-2000 - Softcover
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.
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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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- PublisherLAP LAMBERT Academic Publishing
- Publication date2009
- ISBN 10 3838301072
- ISBN 13 9783838301075
- BindingPaperback
- LanguageEnglish
- Number of pages240
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Micro level dynamics of productivity growth
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LAP LAMBERT Academic Publishing Mai 2009, 2009
ISBN 10: 3838301072
ISBN 13: 9783838301075
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Seller: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Germany
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -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. 240 pp. Englisch. Seller Inventory # 9783838301075
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Micro level dynamics of productivity growth : An empirical analysis of the great leap in Finnish manufacturing productivity in 1975-2000
Published by
LAP LAMBERT Academic Publishing, 2009
ISBN 10: 3838301072
ISBN 13: 9783838301075
New
Taschenbuch
Seller: AHA-BUCH GmbH, Einbeck, Germany
Seller rating 5 out of 5 stars
Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - 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. Seller Inventory # 9783838301075
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Micro level dynamics of productivity growth
Published by
LAP Lambert Academic Publishing, 2009
ISBN 10: 3838301072
ISBN 13: 9783838301075
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. 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. Seller Inventory # 5410853
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