Productivity and Trade Orientation in UK Manufacturing

摘要: We show that improvements in aggregate productivity UK manufacturing during the first years after implementation of Euro, by UK's main trading partners Europe, are determined both market share reallocation and within-company growth. Furthermore, we outline a structural methodology for estimating parameters production function linking unobservable to endogenous company-level trade orientation, investment exit decisions. This allows us back out consistent unbiased estimates dynamics orientation companies within four-digit industries using FAME data over period 1994–2001. Our indicate were mainly driven reallocations away from inefficient towards efficient exporting alongside non-exporting companies.