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Firm Size and Industrial Structure in the United States During the Nineteenth Century

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  • Atack, Jeremy

Abstract

This paper investigates the impact of the emergence of large-scale enterprises on industrial structure in America in the mid-nineteenth century and concludes that their impact was ambiguous. In cottons and irons, average scale increased dramatically, but inequality in the size distribution of plants declined and economic concentration showed no clear trend. In other industries, changes in average scale were much smaller and inequality increased, but again there was no clear trend in concentration.

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  • Atack, Jeremy, 1986. "Firm Size and Industrial Structure in the United States During the Nineteenth Century," The Journal of Economic History, Cambridge University Press, vol. 46(2), pages 463-475, June.
    • Handle: RePEc:cup:jechis:v:46:y:1986:i:02:p:463-475_04
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    Cited by:

    1. Pavel Chakraborty & Nirvana Mitra, 2022. "Banking Reforms, Access to Credit and Misallocation," Working Papers 2022-01, Shiv Nadar University, Department of Economics.
    2. Chakraborty, Pavel & Mitra, Nirvana, 2021. "Banking Reforms, Access to Credit, and Misallocation," MPRA Paper 111221, University Library of Munich, Germany.
    3. Bucheli, Marcelo & Mahoney, Joseph T. & Vaaler, Paul M., 2007. "Chandler's Living History: The Visible Hand of Vertical Integration in 19th Century America Viewed under a 21st Century Transaction Costs Economics Lens," Working Papers 07-0111, University of Illinois at Urbana-Champaign, College of Business.
    4. Maria Rosaria Carillo & Vincenzo Lombardo & Alberto Zazzaro, 2019. "The rise and fall of family firms in the process of development," Journal of Economic Growth, Springer, vol. 24(1), pages 43-78, March.
    5. Stephen Haber, 1998. "Financial Market Regulation, Imperfect Capital Markets, and Industrial Concentration: Mexico in Comparative Perspective, 1830-1930," Economía Mexicana NUEVA ÉPOCA, CIDE, División de Economía, vol. 0(1), pages 5-46, January-J.
    6. Nicolas Ziebarth, 2013. "Are China and India Backwards? Evidence from the 19th Century U.S. Census of Manufactures," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(1), pages 86-99, January.
    7. Marcelo Bucheli & Joseph T. Mahoney & Paul M. Vaaler, 2010. "Chandler's Living History: "The Visible Hand" of Vertical Integration in Nineteenth Century America Viewed Under a Twenty-First Century Transaction Costs Economics Lens," Journal of Management Studies, Wiley Blackwell, vol. 47(s1), pages 859-883, July.
    8. Roger W. Ferguson & William L. Wascher, 2004. "Distinguished Lecture on Economics in Government: Lessons from Past Productivity Booms," Journal of Economic Perspectives, American Economic Association, vol. 18(2), pages 3-28, Spring.
    9. Yongseung Han & Arthur Snow & Ronald S. Warren, 2021. "Changes in the productive efficiency of U.S. flour mills in the late nineteenth century: an input-distance-function approach," Journal of Productivity Analysis, Springer, vol. 56(2), pages 115-132, December.

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