Reliance on a approach in studying industrial behavior during the Great Depression obscures economically interesting patterns. A newly discovered data source lets us form and study an establishment-level panel dataset on the motor vehicles industry, one of the largest in 1929. Substantial intraindustry heterogeneity led to large composition effects in employment, output, and productivity: the large number of plants that shut down were unlike the continuing ones. Oddly, output does not seem to have shifted among continuing producers to the relatively low-cost ones. Reconciling these should illuminate links between industrial organization and macroeconomics.
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Volume (Year): 51 (1991) Issue (Month): 02 (June) Pages: 317-331 Download reference. The following formats are available: HTML
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Mark Roberts & Shawn Klimek & Timothy Dunne, 2004.
"Entrant Experience and Plant Exit,"
Working Papers
04-12, Center for Economic Studies, U.S. Census Bureau.
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