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La prochaine séance du séminaire du RITM aura lieu jeudi 2 avril 2015 de 14h00 à 15h30 en salle Gaudemet.
Nous aurons le plaisir de recevoir Matthieu Crozet (U-Psud). Il nous présentera “Should everybody be in services? The effect of servitization on manufacturing firms’ performances” (avec Emmanuel Milet, U. Genève).
A vast literature discusses the determinants of manufacturing competitiveness and the causes of deindustrialisation in developed countries. Most of it is based on a representation of the economy as a collection of distinct sectors. This representation is misleading since more and more manufacturing firms also engage into the production of services. This paper uses detailed balance sheet data from a very large panel of about 36,000 French firms to examine the production and the sales of services by manufacturing firms. Our aim is twofold. First, we provide a detailed assessment of the extend of the « servitization » of French manufacturing and show that the boundary between services and industries becomes increasingly elusive. Second, we estimate the impact of decision to produce services on firms’ performances. Manufacturing firms that also produce services are, on average, larger and more profitable than pure manufacturers. A large part of this premia is the consequence of a self-selection effect, but we also identify a causal impact of servitization on firms’ performances. The latter result suggest that the provision of services is likely to enhance manufacturing firms’ competitiveness.
Le programme du séminaire du RITM pour l’année 2014-2015 est disponible ici.