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
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Citations: View citations in EconPapers (13)

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Related works:
Journal Article: Impeded Industrial Restructuring: The Growth Penalty (2002)
Working Paper: Impeded Industrial Restructuring: The Growth Penalty (2000)
Working Paper: Impeded Industrial Restructuring: The Growth Penalty (2000)
Working Paper: Impeded Industrial Restructuring: The Growth Penalty (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:hwwadp:26254

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