The Growth And Failure Of U.S. Manufacturing Plants
AbstractThis paper examines the patterns of postentry growth and failure for over 200,000 plants that entered the U.S. manufacturing sector in the 1967-77 period. The postentry patterns of growth and failure vary significantly with observable employer characteristics. Plant failure rates decline with size and age as do the growth rates of nonfailing plants. The expected growth rate of a plant, which depends on the net effect of these two forces, declines with size for plants owned by single-plant firms, but increases with size for plants owned by multiplant firms. Copyright 1989, the President and Fellows of Harvard College and the Massachusetts Institute of Technology.
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Bibliographic InfoPaper provided by Pennsylvania State - Department of Economics in its series Papers with number 1-87-5.
Length: 36 pages
Date of creation: 1988
Date of revision:
Contact details of provider:
Postal: PENNSYLVANIA STATE UNIVERSITY, DEPARTMENT OF ECONOMICS, UNIVERSITY PARK PENNSYLVANIA 16802 U.S.A.
Web page: http://econ.la.psu.edu/
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economic growth ; manufacturing ; employment;
Other versions of this item:
- Dunne, Timothy & Roberts, Mark J & Samuelson, Larry, 1989. "The Growth and Failure of U.S. Manufacturing Plants," The Quarterly Journal of Economics, MIT Press, vol. 104(4), pages 671-98, November.
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