Internal and external restructuring over the cycle: a firm-based analysis of gross flows and productivity growth in Portugal
Autor(a) principal: | |
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Data de Publicação: | 2008 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10316/7913 https://doi.org/10.1007/s11123-007-0077-z |
Resumo: | Abstract This paper discusses the role played by internal restructuring vis-à-vis external restructuring in industry productivity growth, arguing that the contribution of these two components is expected to be sensitive to the economic cycle. The study describes gross flows (job and output) over a period of one decade, and analyses the productivity differential among continuing, entering and exiting firms in the Portuguese manufacturing sector. The results of the decomposition of industry productivity growth suggest that the share of external restructuring is stronger in recession, while internal restructuring seems to be predominant in expansion. The strong and positive contribution of the net entry effect, in 1991–1994, was not followed by any between and cross effects of equivalent magnitude in the 1994–1997 sub-period. The within effect is, as expected, stronger when output growth is at its peak, but in no case large enough to turn productivity growth procyclical. |
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Internal and external restructuring over the cycle: a firm-based analysis of gross flows and productivity growth in PortugalAbstract This paper discusses the role played by internal restructuring vis-à-vis external restructuring in industry productivity growth, arguing that the contribution of these two components is expected to be sensitive to the economic cycle. The study describes gross flows (job and output) over a period of one decade, and analyses the productivity differential among continuing, entering and exiting firms in the Portuguese manufacturing sector. The results of the decomposition of industry productivity growth suggest that the share of external restructuring is stronger in recession, while internal restructuring seems to be predominant in expansion. The strong and positive contribution of the net entry effect, in 1991–1994, was not followed by any between and cross effects of equivalent magnitude in the 1994–1997 sub-period. The within effect is, as expected, stronger when output growth is at its peak, but in no case large enough to turn productivity growth procyclical.2008info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10316/7913http://hdl.handle.net/10316/7913https://doi.org/10.1007/s11123-007-0077-zengJournal of Productivity Analysis. 29:3 (2008) 211-220Carreira, CarlosTeixeira, Paulinoinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2020-05-25T02:08:08Zoai:estudogeral.uc.pt:10316/7913Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T20:45:39.935010Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Internal and external restructuring over the cycle: a firm-based analysis of gross flows and productivity growth in Portugal |
title |
Internal and external restructuring over the cycle: a firm-based analysis of gross flows and productivity growth in Portugal |
spellingShingle |
Internal and external restructuring over the cycle: a firm-based analysis of gross flows and productivity growth in Portugal Carreira, Carlos |
title_short |
Internal and external restructuring over the cycle: a firm-based analysis of gross flows and productivity growth in Portugal |
title_full |
Internal and external restructuring over the cycle: a firm-based analysis of gross flows and productivity growth in Portugal |
title_fullStr |
Internal and external restructuring over the cycle: a firm-based analysis of gross flows and productivity growth in Portugal |
title_full_unstemmed |
Internal and external restructuring over the cycle: a firm-based analysis of gross flows and productivity growth in Portugal |
title_sort |
Internal and external restructuring over the cycle: a firm-based analysis of gross flows and productivity growth in Portugal |
author |
Carreira, Carlos |
author_facet |
Carreira, Carlos Teixeira, Paulino |
author_role |
author |
author2 |
Teixeira, Paulino |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Carreira, Carlos Teixeira, Paulino |
description |
Abstract This paper discusses the role played by internal restructuring vis-à-vis external restructuring in industry productivity growth, arguing that the contribution of these two components is expected to be sensitive to the economic cycle. The study describes gross flows (job and output) over a period of one decade, and analyses the productivity differential among continuing, entering and exiting firms in the Portuguese manufacturing sector. The results of the decomposition of industry productivity growth suggest that the share of external restructuring is stronger in recession, while internal restructuring seems to be predominant in expansion. The strong and positive contribution of the net entry effect, in 1991–1994, was not followed by any between and cross effects of equivalent magnitude in the 1994–1997 sub-period. The within effect is, as expected, stronger when output growth is at its peak, but in no case large enough to turn productivity growth procyclical. |
publishDate |
2008 |
dc.date.none.fl_str_mv |
2008 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10316/7913 http://hdl.handle.net/10316/7913 https://doi.org/10.1007/s11123-007-0077-z |
url |
http://hdl.handle.net/10316/7913 https://doi.org/10.1007/s11123-007-0077-z |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Journal of Productivity Analysis. 29:3 (2008) 211-220 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
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1799133731358769152 |