The Growth and Failure of U. S. Manufacturing Plants
Mark J. Roberts and
The Quarterly Journal of Economics, 1989, vol. 104, issue 4, pages 671-698
This paper examines the patterns of postentry employment growth and failure for over 200,000 plants that entered the U. S. manufacturing sector in the 1967–1977 period. The postentry patterns of growth and failure vary significantly with observable employer characteristics. Plant failure rates decline with size and age as do the growth rates of nonfailing plants. The expected growth rate of a plant, which depends on the net effect of these two forces, declines with size for plants owned by single-plant firms but increases with size for plants owned by multiplant firms.
References: Add references at CitEc
Citations View citations in EconPapers (560) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
Working Paper: THE GROWTH AND FAILURE OF U.S. MANUFACTURING PLANTS (1988)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:oup:qjecon:v:104:y:1989:i:4:p:671-698.
Access Statistics for this article
The Quarterly Journal of Economics is currently edited by Robert J. Barro, Elhanan Helpman, Lawrence F. Katz and Andrei Schleifer
More articles in The Quarterly Journal of Economics from Oxford University Press
Series data maintained by Oxford University Press ().