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dc.contributor.authorHaltiwanger, Johnen_US
dc.date.accessioned2012-01-12T11:00:52Z-
dc.date.available2012-01-12T11:00:52Z-
dc.date.issued2011en_US
dc.identifier.citationEIB Papers 0257-7755 16 2011 1 116-136en_US
dc.identifier.urihttp://hdl.handle.net/10419/54671-
dc.description.abstractCountries differ substantially in the extent to which more productive firms are large and/or are becoming larger and less productive firms are small and/or becoming smaller. A challenge for both emerging and advanced economies is that achieving such static and dynamic allocative efficiency requires an ongoing process of restructuring and reallocation. Such restructuring and reallocation is by its very nature costly. Market structure and institutions that promote well-functioning business dynamism are, accordingly, critical for economic performance. In the 1980s and 1990s, the US exhibited a robust pace of business dynamism that contributed substantially to US productivity and job growth. There are, however, some disturbing trends in the nature of US business dynamism - for example, the pace of business startups has declined secularly especially over the last decade. The decline in the pace of business dynamism may be contributing to the anaemic US recovery from the recent recession.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.subject.ddc330en_US
dc.subject.stwUnternehmenswachstumen_US
dc.subject.stwAllokationseffizienzen_US
dc.subject.stwUnternehmenssanierungen_US
dc.subject.stwProduktivitäten_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwSchwellenländeren_US
dc.subject.stwIndustriestaatenen_US
dc.subject.stwUSAen_US
dc.titleFirm dynamics and productivity growthen_US
dc.typeArticleen_US
dc.identifier.ppn680143432en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:EIB Papers, European Investment Bank (EIB)

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