Entry and Productivity Growth: Evidence from Microlevel Panel Data
利用英国1980年代开放经济的政策改革和企业面板数据，发现外资企业进入带来的行业就业份额增加，促进了本土在位企业的全要素生产率增长，进而推动总体生产率提升。
How does entry affect productivity growth of incumbents? In this paper weexploit policy reforms in the UK that changed entry conditions by opening upthe UK economy during the 1980s and panel data on British establishments toshed light on this question. We show that more entry measured by a highershare of industry employment in foreign firms has led to faster total factorproductivity growth of domestic incumbent firms and thus to faster aggregateproductivity growth. How does entry affect productivity growth of incumbents? In this paper weexploit policy reforms in the UK that changed entry conditions by opening upthe UK economy during the 1980s and panel data on British establishments toshed light on this question. We show that more entry measured by a highershare of industry employment in foreign firms has led to faster total factorproductivity growth of domestic incumbent firms and thus to faster aggregateproductivity growth.