Competition and the dispersion of labour productivity amongst UK companies

Competition and the dispersion of labour productivity amongst UK companies
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英国公司之间的竞争和劳动生产率的分散

DOI:
10.1093/oxfordjournals.oep.a028634
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发表时间:
1998
期刊:
--
影响因子:
--
通讯作者:
N. Oulton
N. Oulton
中科院分区:
--
文献类型:
--
作者:
N. Oulton

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Based on a sample of 140,000 U.K. companies over the period 1989-93, this paper finds a wide dispersion of labor productivity across firms. Some dispersion is transitory: amongst surviving companies there is regression towards the mean and dispersion falls over time. However, there are significant differences between sectors in the extent of dispersion, e.g., in manufacturing it is around 40 percent lower. A possible explanation is greater competition in manufacturing. A role for competition is also suggested by the finding that surviving companies which were initially below the mean improve their performance more rapidly than those initially above the mean. Copyright 1998 by Royal Economic Society.