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This paper analyzes the evolution of firm size distribution in the U.S. manufacturing industries over 35 years from 1963 to 1997. Firm size distribution undergoes systematic changes, the magnitude and the direction of which depend on whether an industry experiences a phase of growth, shakeout, stability, or decline. The observed patterns have implications for the theories of industry dynamics a...
In this paper, a spline finite element approach is manipulated for the numerical solution of an extended system of second-order boundaryvalue problems. The efficiency of the proposed method is examined by comparing the results with the existing exact closed form solution. The numerical results demonstrate that the method is efficient and quite accurate when contrasted with other methods and req...
Studies have found the impact of foreign direct investments (FDI) on productivity growth to be firm-industry-host economy specific. However, the impact of FDI may differ with the existing market conditions in the economy and also with respect to the source of the FDI. The paper examines the impact of FDI on productivity growth of the Indian industry in the period of low market demand conditions...
In this paper the time series properties of the outcomes of two different specifications of a nonparametric productivity analysis are compared using data for threeand four-digit U.S. manufacturing industries over the period 1958-96. The first model is standard and does not account for variations of capacity utilization of the production factors whereas the second model does. Correcting for util...
I assess the magnitude of human capital spillovers by estimating production functions using a unique firm-worker matched data set. Productivity of plants in cities that experience large increases in the share of college graduates rises more than the productivity of similar plants in cities that experience small increases in the share of college graduates. These productivity gains are offset by ...
In this paper we search for pollution haven consistent evidence within China. Using a province level data set and three different measures of environmental stringency, we investigate whether inward foreign direct investment (FDI) is attracted to those regions with relatively low environmental regulations. Our results are consistent with pollution haven seeking behaviour by foreign investors. In...
This paper investigates the spatial concentration of Chinese manufacturing using data collected in both the second and third national industrial censuses. It is found that many of China’s manufacturing industries were highly geographically concentrated in several coastal regions in 1995. A historical comparison of the concentration levels between 1980, 1985 and 1995 suggests that manufacturing ...
This paper argues the widespread adoption of Just-in-Time (JIT) logistics provides a key to understanding the growth in the U.S. trade share. To do so, I develop a dynamic trade model based on the choice of the logistics technology used in a firm’s supply chain. The model’s predicted trade dynamics depend on how the set of firms using JIT with international suppliers changes over time. A numeri...
Many view the period after the Second Industrial Revolution as a paradigm of a transition to a new economy following a technological revolution, including the Information Technology Revolution. We build a quantitative model of diffusion and growth during transitions to evaluate that view. With a learning process quantified by data on the life cycle of US manufacturing plants, the model accounts...
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