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Investment in Fixed and Working Capital During Early Industrialization: Evidence from U. S. Manufacturing Firms

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Author Info
Sokoloff, Kenneth L.
Abstract

This paper utilizes a survey of U. S. manufacturing firms from 1832 to investigate the structure of manufacturing investment during early industrialization. The relative magnitudes of investments in fixed and working capital, and how they varied with firm size, location, and industry, are documented. This variation across industries in the composition of capital investments is indicative of a more general variation in factor intensities, and bears on the issues of why industries became concentrated in the regions they did, and the degrees to which they were adversely affected by the limited availability of long intensive technologies.

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File URL: http://journals.cambridge.org/abstract_S0022050700032125
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Publisher Info
Article provided by Cambridge University Press in its journal The Journal of Economic History.

Volume (Year): 44 (1984)
Issue (Month): 02 (June)
Pages: 545-556
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:cup:jechis:v:44:y:1984:i:02:p:545-556_03

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  1. Sukkoo Kim, 1998. "The Rise of Multiunit Firms in U.S. Manufacturing," NBER Working Papers 6425, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  2. Sukkoo Kim, 2001. "Markets and Multiunit Firms from an American Historical Perspective," NBER Working Papers 8232, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  3. John A. James & Jonathan S. Skinner, 1984. "The Resolution of the Labor Scarcity Paradox," NBER Working Papers 1504, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  4. Jeremy Atack & Fred Bateman, 2000. "Downtime in American Manufacturing Industry: 1870 and 1880," Working Papers 0048, Department of Economics, Vanderbilt University. [Downloadable!]
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This page was last updated on 2009-12-1.


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