 Investment, Imports and Productivity Growth in the US Cement IndustryChapter 7 in Creating an Internationally Competitive Economy, 2001, pp 122-142 from Palgrave Macmillan Abstract: Abstract In many industries, the competitiveness of a firm is still ultimately determined by its productivity. And the firm’s survival depends on its achieving a rate of productivity growth at least as great as that of its competitors. Improvements in productivity at the firm level, including those resulting from innovation, typically require investment. There is a popular belief that more-competitive industries achieve more rapid productivity growth through competition-driven innovation and the elimination of inefficient firms. The opening up of an economy is, then, commonly thought to result in increased productivity. Existing firms either become internationally competitive or they exit the industry. However, writers, following Schumpeter (1950), have argued that investment in innovation flourishes only with the prospect of economic profits. Theory, then, does not provide a conclusive effect of the extent of competition, including import competition, on productivity growth. Keywords: Portland Cement; Productivity Growth; Cement Industry; Demand Growth; Import Share (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-55706-2_7 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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