Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
986426 | Review of Economic Dynamics | 2009 | 20 Pages |
Abstract
This paper analyzes the evolution of the distributions of output and employment across firms in U.S. manufacturing industries from 1963 until 1997. The firm size distribution changes significantly as an industry goes through stages of its life-cycle. The evolutions of the employment and output distributions also differ significantly, but display strong inter-industry regularities, including that the nature of the evolution depends on whether the industry is experiencing growth, shakeout, maturity, or decline. The observed patterns have implications for theories of industry dynamics and evolution.
Related Topics
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Economics and Econometrics
Authors
Emin M. Dinlersoz, Glenn MacDonald,