The Industry Life-Cycle of the Size Distribution of Firms
Glenn MacDonald and
Emin Dinlersoz ()
Working Papers from U.S. Census Bureau, Center for Economic Studies
This paper analyzes the evolution of the distributions of output and employment across firms in U.S. manufacturing industries from 1963 until 1997. The evolutions of the employment and output distributions differ, but display strong inter-industry regularities, including that the nature of the evolution depends whether the industry is experiencing growth, shakeout, maturity, or decline. The observed patterns have implications for theories of industry dynamics and evolution.
Keywords: Firm size distribution; industry evolution; industry dynamics; manufacturing industries (search for similar items in EconPapers)
JEL-codes: L11 L60 (search for similar items in EconPapers)
Pages: 62 pages
New Economics Papers: this item is included in nep-ent and nep-tid
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https://www2.census.gov/ces/wp/2005/CES-WP-05-10.pdf First version, 2005 (application/pdf)
Journal Article: The Industry Life-Cycle of the Size Distribution of Firms (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:cen:wpaper:05-10
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