文献研读1(21)：Restructuring and productivity growth in UK manufacturing

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第21篇文献：DisneyRichard, Haskel Jonathan, and Heden Ylva. Restructuring and productivity growthin UK manufacturing. The Economic Journal, 2003, 113(489), 666-694.

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关键词：Productivity Structuring Product Turing produc Journal growth 主题

本文的看点
冲击了传统的产业升级和创新思路，提出了企业退出的新思维。

生产率改变的两种渠道

It argues thatrestructuring can raise overall productivity in two ways. First, productivitycan grow due to changes within existing enterprises, such as the introductionof new technology and organizational change. For convenience, we call thisinternal restructuring.

The secondsource of productivity growth is the process of market selection, whereby lowproductivity establishments exit and are replaced by higher productivityentrants while higher productivity incumbents gain market share. We call thisprocess external restructuring.

永续盘存法在产业层面使用时的缺陷

The perpetualinventory method is frequently criticized when applied to industry data sinceit ignores premature scrapping due for example to closure of plants.

生产率的分解：三种方法

内生性之选择效应

A standard approach to handling the selection issue is to condition estimated model on an auxiliary equation containing variables that capture the probability ofthe establishment surviving.

问题
企业的面板数据，引入企业的固定效应之后，又引入了产业的固定效应。每个企业必属于某一产业，这样不是重复引入吗？

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