Modeling Firm Population Dynamics: An Application to the Turkish Manufacturing Industry for the 1950¡V2000 Period
AbstractThis paper examines the population dynamics of Turkish manufacturing firms using annual data on the aggregate industry over the period 1950-2000. Among the four models considered, the density dependence model seems to provide the best fit. This model is extended for further examination. One interesting finding is that business cycles do not play a role in determining changes in firm numbers in the industry. The number of firms is negatively influenced by average number of employees; however, it does not appear to depend on average payments to employees. Energy intensity also does not seem to influence the population size dynamics.
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Bibliographic InfoArticle provided by College of Business, and College of Finance, Feng Chia University, Taichung, Taiwan in its journal International Journal of Business and Economics.
Volume (Year): 8 (2009)
Issue (Month): 3 (December)
industry population dynamics; time series; manufacturing;
Find related papers by JEL classification:
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
- L6 - Industrial Organization - - Industry Studies: Manufacturing
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