Publication details

Harris, R. & Moffat, J. (2016). Plant Closure in Britain since the Great Recession. Economics Letters 140: 27-30.

• Publication type: Journal Article
• ISSN/ISBN: 0165-1765
• DOI: 10.1016/j.econlet.2016.01.004
• Keywords: Plant closure, Great Recession, Productivity.
• Further publication details on publisher web site
• Durham Research Online (DRO) - may include full text

Author(s) from Durham

• Professor Richard Harris
• Dr John Moffat

Abstract

One of the suggested explanations for the UK productivity puzzle is that, since the onset of the Great Recession, low productivity plants that would normally have closed have continued operating. This paper therefore investigates whether there has been a change in the relationship between productivity and closure since the recession. We find that, for a number of sectors, the negative association between TFP and closure that existed prior to the recession has been offset, or even reversed, since the recession.