Harris, R. and Moffat, J. (2016) 'Plant closure in Britain since the Great Recession.', Economics letters., 140 . pp. 27-30.
One of the suggested explanations for the UK productivity puzzle is that, since the onset of the Great Recession, low productivity plants that would normally have closed have continued operating. This paper therefore investigates whether there has been a change in the relationship between productivity and closure since the recession. We find that, for a number of sectors, the negative association between TFP and closure that existed prior to the recession has been offset, or even reversed, since the recession.
|Keywords:||Plant closure, Great Recession, Productivity.|
|Full text:||(AM) Accepted Manuscript|
Available under License - Creative Commons Attribution Non-commercial No Derivatives.
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|Publisher Web site:||http://dx.doi.org/10.1016/j.econlet.2016.01.004|
|Publisher statement:||© 2016 This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/|
|Date accepted:||07 January 2016|
|Date deposited:||15 January 2016|
|Date of first online publication:||19 January 2016|
|Date first made open access:||19 July 2017|
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