Firm dynamics in manufacturing and services: a broken mirror?
This article represents a first attempt in exploring firm dynamics in the service industry as a whole. A huge body of empirical literature is focused on manufacturing firms, while only recent contributions shed some light in selected services sectors. Using a unique data set from the Italian National Institute for Social Security (INPS), we compare the patterns of entry, growth, and survival performance of firms belonging to the manufacturing and to the service industry. It turns out that industry dynamics in services, in terms of stylized facts, seem to mirror the one in manufacturing. Moreover, the positive impact of firm size on survival is reduced when age is controlled for, suggesting the existence of a learning mechanism, more pronounced in manufacturing than in services. Copyright 2007 , Oxford University Press.
Volume (Year): 16 (2007)
Issue (Month): 3 (June)
|Contact details of provider:|| Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK|
Fax: 01865 267 985
Web page: http://icc.oupjournals.org/
|Order Information:||Web: http://www.oup.co.uk/journals|
When requesting a correction, please mention this item's handle: RePEc:oup:indcch:v:16:y:2007:i:3:p:347-369. 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: (Oxford University Press)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.