Restructuring Measures and Productivity:Evidence from the 1980s

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Research Papers

Restructuring Measures and Productivity:Evidence from the 1980s

May 1995 Number 9509

Authors: S. Brock Blomberg and Charles Steindel

This paper analyzes the empirical relationship between corporate restructuring and productivity. We estimate neoclassical production functions and factor demand functions to analyze the importance of restructuring in improving resource allocation and productivity. We find, at most, restructuring may have spurred the substitution of capital for labor in some industries, helping to set the stage for increased labor productivity. However, there is little evidence that restructurings, themselves, aided in the improvement of true technological progress.

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39 pages / 1.093 kb

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