• Business
  • Published 2011

Firm Dynamics and Productivity Growth

@inproceedings{Haltiwanger2011FirmDA,
  title={Firm Dynamics and Productivity Growth},
  author={John Haltiwanger},
  year={2011}
}
Countries 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… CONTINUE READING

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