Understanding the life-cycle of a manufacturing plant
In the final article this quarter, Aubhik Khan wonders: What determines whether a manufacturing plant survives? Is it access to credit markets? Or does learning about plants' profitability over time determine survival? Should government policy play a role in helping plants survive? In "Understanding the Life-Cycle of a Manufacturing Plant," Khan discusses the collateral and learning views as two possible explanations for a typical plant's life-cycle. He concludes that although it remains unclear as to which explanation is more relevant, the two views have very different implications for what government can do and what it should do.
Volume (Year): (2002)
Issue (Month): Q2 ()
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- Mark Gertler & Simon Gilchrist, 1993.
"The role of credit market imperfections in the monetary transmission mechanism: arguments and evidence,"
Finance and Economics Discussion Series
93-5, Board of Governors of the Federal Reserve System (U.S.).
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"The Relationship between Firm Size and Firm Growth in the U.S. Manufacturing Sector,"
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Wiley Blackwell, vol. 35(4), pages 583-606, June.
- Bronwyn H. Hall, 1986. "The Relationship Between Firm Size and Firm Growth in the U.S. Manufacturing Sector," NBER Working Papers 1965, National Bureau of Economic Research, Inc.
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