Productivity and trade orientation in UK manufacturing
- Published Version
Restricted to Middlesex University staff only
Official URL: http://www3.interscience.wiley.com/journal/1225817...
This item is available in the Library Catalogue
We show that improvements in aggregate productivity in UK manufacturing during the first years after the implementation of the Euro, by the UK's main trading partners in Europe, are determined by both market share reallocation and within-company productivity growth. Furthermore, we outline a structural methodology for estimating parameters of a production function linking the unobservable productivity to endogenous company-level trade orientation, investment and exit decisions. This allows us to back out consistent and unbiased estimates of productivity dynamics by trade orientation of companies within four-digit UK manufacturing industries using FAME data over the period 1994–2001. Our estimates of productivity dynamics indicate that improvements in aggregate productivity were mainly driven by market share reallocations away from inefficient and towards efficient exporting companies alongside productivity improvements within non-exporting companies.
|Research Areas:||A. Middlesex University Schools and Centres > Business School > Economics|
|Citations on ISI Web of Science:||1|
|Deposited On:||12 Nov 2009 09:19|
|Last Modified:||26 Nov 2014 00:02|
Repository staff only: item control page
Full text downloads (NB count will be zero if no full text documents are attached to the record)
Downloads per month over the past year