Studie von: Österreichisches Institut für Wirtschaftsforschung – Instituto Valenciano de Investigationes Económicas – National Institute of Economic and Social Research, London
Total factor productivity at the aggregate levels of economies or sectors of activity can be broken down to firm-specific
TFP, where considerable heterogeneity between firms can be found. It is therefore necessary to consider the entire TFP distribution
across firms to derive correct policy implications. An important aspect in this connection is the allocation of productive
resources between firms: a free flow of resources from low-productivity to high-productivity firms is likely to shift the
entire distribution of TFPs in a positive direction, while aggregate TFP will suffer if resources are stuck in an inefficient
allocation. The study will therefore assess to what extent the reallocation of productive resources can be attributed within-firm
effects or between-firm effects and whether this process has changed over time in different EU manufacturing and services
industries. The study characterises the TFP distribution, for the EU as well as for member countries, in important manufacturing
sectors such as machinery, transport equipment, food and beverages, and fabricated metal products, and studies the characteristics
of "frontier firms" at EU level in these industries. It assesses the dynamics of TFP developments over time across EU countries.
Keywords:TP_Europa_Wettbewerb
Forschungsbereich:Industrie-, Innovations- und internationale Ökonomie
Studie von: Österreichisches Institut für Wirtschaftsforschung – Instituto Valenciano de Investigationes Económicas – National Institute of Economic and Social Research, London
Abgeschlossen: 2016
Total factor productivity at the aggregate levels of economies or sectors of activity can be broken down to firm-specific
TFP, where considerable heterogeneity between firms can be found. It is therefore necessary to consider the entire TFP distribution
across firms to derive correct policy implications. An important aspect in this connection is the allocation of productive
resources between firms: a free flow of resources from low-productivity to high-productivity firms is likely to shift the
entire distribution of TFPs in a positive direction, while aggregate TFP will suffer if resources are stuck in an inefficient
allocation. The study will therefore assess to what extent the reallocation of productive resources can be attributed within-firm
effects or between-firm effects and whether this process has changed over time in different EU manufacturing and services
industries. The study will characterise the TFP distribution, for the EU as well as for member countries, in important manufacturing
sectors such as machinery, transport equipment, food and beverages, and fabricated metal products, and study the characteristics
of "frontier firms" at EU level in these industries. It will assess the dynamics of TFP developments over time across EU countries.