Business Dynamics and Productivity
Mark Hart and Michael Anyadike-Danes, ERC Aston Business School contributed a chapter to the new OECD Publication Business Dynamics and Productivity.
Abstract: Business dynamics plays an important role not only as a driver of job creation but also as an engine of reallocation and productivity growth. This book aims at providing new evidence on business dynamics from different countries and at shedding new light on the heterogeneous responses of firms to economic shocks, with a particular focus on the impact of the last decade’s global financial crisis. All chapters in this book highlight the importance of going beyond the average firm paradigm when analysing business dynamics, accounting for different firm characteristics such as size, age, ownership and trade status.
Chapter 4: Firm and job dynamics in the United Kingdom before,during and after the global financial crisis: Getting in under the hood
Read the full publication here