The Great Merger Movement and the Diffusion of Electric Power Utilization in American Manufacturing, 1899-1909: A Simple Test of the Schumpeterian Hypothesis
The great merger movement at the turn of the century significantly increased the concentration of many American manufacturing industries. It occurred just as many of them were beginning to electrify their production processes. The conjunction of these two events suggests a simple test of Schumpeter's hypothesis that a high degree of industry concentration is conducive to rapid technological innovation. This paper uses a sample of industries from the Twelfth and Thirteenth Censuses of Manufactures to test whether the great merger movement accelerated the electrification process in American manufacturing industries. The results offer some tentative support for the Schumpeterian hypothesis.
Volume (Year): 27 (2001)
Issue (Month): 3 (Summer)
|Contact details of provider:|| Postal: |
Phone: (201) 684-7346
Web page: http://www.ramapo.edu/eea/journal.html
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:eej:eeconj:v:27:y:2001:i:3:p:253-266. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson, College of the Holy Cross)
If references are entirely missing, you can add them using this form.