EconPapers    
Economics at your fingertips  
 

Impeded industrial restructuring: The growth penalty

David Audretsch (), Martin Carree, André van Stel () and Roy Thurik ()

No 114, HWWA Discussion Papers from Hamburg Institute of International Economics (HWWA)

Abstract: This paper documents that a process of industrial restructuring has been transforming the developed economies, where large corporations are accounting for less economic activity and small firms are accounting for a greater share of economic activity. Not all countries, however, are experiencing the same shift in their industrial structures. Very little is known about the cost of resisting this restructuring process. The goal of this paper is to identify whether there is a cost, measured in terms of forgone growth, of an impeded restructuring process. The cost is measured by linking growth rates of OECD countries to deviations from the optimal industrial structure. The empirical evidence suggests that countries impeding the restructuring process pay a penalty in terms of forgone growth.

Keywords: Industry structure; firm size distribution; entrepreneurship; economic growth (search for similar items in EconPapers)
JEL-codes: L11 O11 (search for similar items in EconPapers)
Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10) Track citations by RSS feed

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/19437/1/114.pdf (application/pdf)

Related works:
Working Paper: Impeded Industrial Restructuring: The Growth Penalty (2000) Downloads
Working Paper: Impeded Industrial Restructuring: The Growth Penalty (2000) Downloads
Working Paper: Impeded Industrial Restructuring: The Growth Penalty (2000) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:hwwadp:26254

Access Statistics for this paper

More papers in HWWA Discussion Papers from Hamburg Institute of International Economics (HWWA) Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().

 
Page updated 2019-09-14
Handle: RePEc:zbw:hwwadp:26254