Entry, Exit and Labour Productivity in U.k. Retailing: Evidence from Micro Data
نویسندگان
چکیده
The paper investigates the UK retail sector using store and firm level data between 1998 and 2003. First, we present the first exhaustive description of the UK retail sector using micro data sources. Second, in the spirit of Foster, Haltiwanger, and Krizan (2002), we look at the contributions of firm entry and exit for the productivity growth of the sector. Third, we provide some new evidence of the recent shift of large UK retailers toward smaller retail formats, which followed the introduction of new and more restrictive planning constraints for the opening of large retail stores. We suggest that this change in the store configurations of the major retailers might be one of the factors behind the recent TFP slowdown experienced by the industry in the UK.
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Industry Switching in Developing Countries
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