The Industry Life-Cycle of the Size Distribution of Firms
July 2005
Working Paper Number:
CES-05-10
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 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.
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:
estimation,
production,
economist,
manufacturing,
industrial,
sale,
growth,
manufacturer,
produce,
industry employment,
employment growth,
producing,
industry output,
economically,
industry wages,
distribution,
employment distribution
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:
Census of Manufactures,
Standard Industrial Classification,
Ordinary Least Squares,
National Bureau of Economic Research,
Insurance Information Institute,
Washington University
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