The Impact of the 2008 Economic Crisis on Dynamic Productivity Growth of the Spanish Food Manufacturing Industry. An Impulse Response Analysis

Magdalena Kapelko, Alfons Oude Lansink () and Spiro Stefanou

No 182769, 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia from European Association of Agricultural Economists

Abstract: The paper examines the impact of 2008 economic crisis on the dynamic productivity growth and its components using a firm-level dataset of Spanish meat processing, dairy processing and oils and fats firms. The impulse response analysis by local projections shows that the impact of crisis on dynamic productivity growth varies between sectors with negative and persistent in oils and fats, no significant in meat, and positive and persistent in dairy processing industry. The paper documents further that occurrence of crisis involves increases in dynamic technical change across industries, which are offset by the negative impact of dynamic technical inefficiency change.

Keywords: Productivity; Analysis (search for similar items in EconPapers)
Pages: 13
Date: 2014-08
New Economics Papers: this item is included in nep-eff
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae14:182769

DOI: 10.22004/ag.econ.182769

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