ITIF2024为何美国经济需要更多非更少的整合研究报告英文版30页

itif.org Why the US Economy Needs More Consolidation, Not Less TRELYSA LONG | MAY 2024 Larger firms are generally more productive because of scale economies, but some U.S. industries still have too high a share of small firms. Policymakers should encourage, not discourage, greater consolidation in these industries. KEY TAKEAWAYS Large firms are generally more efficient than smaller ones. As an indicator of their greaterproductivity, firms with 500 or more employees have higher receipts per worker than dofirms with fewer than 500 employees in 710 of 938 six-digit NAICS industries.Most of the 228 industries in which smaller firms are more productive are those withlittle ability to gain scale economies (e.g., furniture repair, food trucks, etc.).Consolidation can boost industry-wide productivity by ensuring that more production isconducted by larger firms with higher productivity.Some industries would benefit from greater scale but still have large shares of smallfirms. They include