Understanding ‘the essential fact about capitalism’: Markets, competition and creative destruction

National Institute Economic Review

Volumn 175, Issue 1, 2001, Pages 67-84

  Carlin, Wendy ^a   Haskel, Jonathan ^b   Seabright, Paul ^c  

^a UNIVERSITY COLLEGE LONDON   (United Kingdom)

^b QUEEN MARY UNIVERSITY OF LONDON   (United Kingdom)

^c UNIVERSITY OF CAMBRIDGE   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84990357538     PISSN: 00279501     EISSN: None     Source Type: Journal    
DOI: 10.1177/002795010117500107     Document Type: Article

References (34)

1. Aghion, P. and Schankerman, M. (1999), ‘Competition, entry and the social returns to infrastructure in transition economies’, Economics of Transition, 7, 1, pp. 79-101.
2. Aghion, P. and Schankerman, M. (2000), ‘A model of market-enhancing infrastructure’, mimeo, University College London.
3. Aw, B.Y., Chen, X. and Roberts, M.J. (1997), ‘Firm-level evidence on productivity differentials, turnover, and exports in Taiwanese manufacturing’, NBER working paper 6235, October.
4. Baily, M. and Gersbach, H. (1995), ‘Efficiency in manufacturing and the need for global competition’, Brookings Papers on Economic Activity (microeconomics).
5. aldwin, J.R. (1998), The Dynamics of Industrial Competition, Cambridge, Cambridge University Press (first published 1993).
6. Barnes, M. and Haskel, J. (2000), ‘Productivity in the 1990s: evidence from British plants’, draft paper available from www.qmw.ac.uk/%7Eugte153.
7. Bartelsman, E. and Doms, M. (2000), ‘Understanding productivity: lessons from longitudinal microdata’, Journal of Economic Literature, 38, 3, pp. 569-594.
8. Blanchard, O. and Kremer, M. (1997), ‘Disorganisation’, Quarterly Journal of Economics, 112, 4, pp 1091-1126.
9. Blundell, R., Griffith, R. and Van Reenen, J. (1995), ‘Dynamic count models of technological innovation’, Economic Journal, March, pp. 333-344.
10. Blundell, R., Griffith, R. and Van Reenen, J. (1999), ‘Market structure and innovation: evidence from British manufacturing firms’, Review of Economic Studies, July.
11. Bresnahan, T. and Reiss, P. (1991), ‘Entry and competition in concentrated markets’, Journal of Political Economy, 99, 5.
12. Carlin, W., Fries, S., Schaffer, M. and Seabright, P. (2000), ‘Competition and enterprise performance in transition economies: evidence from a cross-country survey’, mimeo, University College London.
13. Caves, R. E. and Barton, D.R. (1990), Technical Efficiency in the U.S. Manufacturing Industries, Cambridge, Mass., MIT Press.
14. Disney, R., Haskel, J. and Heden, Y. (1999), ‘Exit, entry and establishment survival in UK manufacturing’, Centre for Research on Globalisation and Labour Markets, Research Paper 99/9, University of Nottingham, revised version 2000.
15. Disney, R., Haskel, J. and Heden, Y. (2000), ‘Restructuring and productivity growth in UK establishments’, draft paper available from www.qmw.ac.uk/%7Eugte153.
16. Foster, L., Haltiwanger J. and Krizan C. (1998), ‘Aggregate productivity growth: lessons from microeconomic evidence’, NBER Working Paper 6803.
17. Geroski, P.A. and Gregg, P. (1997), Coping with Recession: UK company performance in adversity, Cambridge, Cambridge University Press.
18. Green, A. and Mayes, D. (1991), ‘Technical inefficiency in manufacturing industries’, Economic Journal, 101, May.
19. Griffith, R. (1999), ‘Using the ARD establishment level data to look at foreign ownership and productivity in the UK’, Economic Journal, 109, June, pp. 416-442.
20. Griliches, Z. and Regev, H. (1995), ‘Firm productivity in Israeli industry 1979-1988’, Journal of Econometrics, 65.
21. Haskel, J. (2000), ‘What raises productivity? The microeconomics of UK productivity growth’, draft paper, available from www.qmw.ac.uk/%7Eugte153.
22. Haskel, J. and Szymanski, S. (1997), ‘The effects of privatisation, competition and restructuring on productivity growth in UK manufacturing’, Queen Mary and Westfield College, Department of Economics, Discussion Paper 286, January.
23. Konings, J. and Walsh, P.P. (1999), ‘Disorganisation in the process of transition: firm-level evidence from Ukraine’, Economics of Transition, 7, 1, pp. 29-46.
24. McGuckin, R., and Pascoe, G. (1988), ‘The longitudinal research database: status and research possibilities’, Survey of Current Business, 64, 11, pp. 30-37.
25. Nelson, R.R. and Winter, S.G. (1982), An Evolutionary Theory of Economic Change, Cambridge, Mass., Harvard University Press.
26. Ng, C.K. and Seabright, P. (2000), ‘Competition, privatisation and productive efficiency: evidence from the airline industry, Economic Journal, forthcoming.
27. Nickell, S. (1996), ‘Competition and corporate performance’, Journal of Political Economy, 104, August, pp. 724-746.
28. Nickell, S., Nicolitsas, D. and Dryden, N. (1997), ‘What makes firms perform well?’, European Economic Review, 41, pp. 783-796.
29. Nickell, S., Wadhwani, S. and Wall, M. (1992), ‘Productivity growth in UK companies’, European Economic Review, 36, pp. 1055-1091.
30. O’Mahony, M. and Oulton, N. (1990), ‘Industry-level estimates of the capital stock in UK manufacturing, 1948-85’, NIESR Discussion paper, No 172, London, National Institute of Economic and Social Research.
31. Oulton, N. (1997), ‘The ABI respondents database: a new resource for industrial economics research’, Economic Trends, 528, November, pp. 46-57.
32. Roland, G. and Verdier, T. (1999), ‘Transition and the output fall’, Economics of Transition, 7, 1, pp. 1-28.
33. Schumpeter, J. A. (1943), Capitalism, Socialism and Democracy, London, Allen and Unwin, reprinted 1976.
34. Tybout, J. R. (2000), ‘Manufacturing firms in developing countries: how well do they do and why?’, Journal of Economic Literature, 38, March, pp. 11-44.