The Deaths Of Manufacturing Plants
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The Deaths Of Manufacturing Plants
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Author : Andrew B. Bernard
language : en
Publisher:
Release Date : 2002
The Deaths Of Manufacturing Plants written by Andrew B. Bernard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Competition, International categories.
This paper examines the causes of manufacturing plant deaths within and across industries in the U.S. from 1977-1997. The effects of international competition from low wage countries, exporting, ownership structure, product diversity, productivity, geography, and plant characteristics are considered. The probability of shutdowns is higher in industries that face increased competition from low-income countries, especially for low-wage, labor-intensive plants within those industries. Conditional on industry and plant characteristics, closures occur more often at plants that are part of a multi-plant firm and at plants that have recently experienced a change in ownership. Plants owned by U.S. multinationals are more likely to close than similar plants at non-multinational firms. Exits occur less frequently at multi-product plants, at exporters, at plants that pay above average wages, and at large, older, more productive and more capital-intensive plants.
Death In The Industrial World
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Author : John R. Baldwin
language : en
Publisher:
Release Date : 2009
Death In The Industrial World written by John R. Baldwin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Plant deaths arise from failure when firms exit an industry. Plant deaths are also associated with renewal when incumbent firms close down plants and modernize their production facilities and start-up new plants. The rate of plant deaths affects the amount of change that occurs in labour and capital markets. Plant deaths result in job losses and incur significant human costs as employees are forced to seek other work. The death process also gives rise to capital losses - to the loss of earlier investments that the industrial system had made in productive capacity. This paper makes use of the plant - death date to provide new information on the likely length of life of capital invested in plants. This paper measures the death rate over a forty year period for new plants in the Canadian manufacturing sector. It develops a profile of the death rate for entrants as they age. On average, 14% of new plants die in their first year. Over half of new plants die by the age of six. By the age of 15, less than 20% are still alive. As a result, manufacturing plants have relatively short lives. The average new plant lives only nine years (17 years if the average is employment-weighted). These rates vary by industry. The longest length of life (13 years) can be found in two industries-primary metals and paper and allied products. The shortest average length of life (less than 8 years) occurs in wood industries.
Firm Structure Multinationals And Manufacturing Plant Deaths
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Author : Andrew B. Bernard
language : en
Publisher:
Release Date : 2005
Firm Structure Multinationals And Manufacturing Plant Deaths written by Andrew B. Bernard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Corporate reorganizaton categories.
Plant shutdowns shape industry and aggregate productivity paths and play a major role in the dynamics of employment and industrial restructuring. Plant closures in the U.S. manufacturing sector account for more than half of gross job destruction. While multi-plant firms and multinationals dominate U.S. manufacturing, theoretical and empirical work has largely ignored the role of firms in the plant shutdown decision. This paper examines the effects of firm structure on manufacturing plant closures. Using U.S. data, we find that plants belonging to multi-plant firms are less likely to exit. Similarly, plants owned by U.S. multinationals are less likely to close. However, the superior survival chances are due to the characteristics of the plants themselves rather than the nature of the firms. Controlling for plant and industry attributes that reduce the probability of death, we find that plants owned by multi-unit firms and U.S. multinationals are much more likely to close. A recent change in ownership also increases the chances that a plant will be closed.
Death In The Industrial World Plant Closures And Capital Retirement
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Author : Baldwin, John R. (John Russel)
language : en
Publisher:
Release Date : 2005
Death In The Industrial World Plant Closures And Capital Retirement written by Baldwin, John R. (John Russel) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Economic life of fixed assets categories.
Death In The Industrial World Plant Closures And Capital Retirement
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Author : Baldwin, John R. (John Russel)
language : en
Publisher:
Release Date : 2005
Death In The Industrial World Plant Closures And Capital Retirement written by Baldwin, John R. (John Russel) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Capital losses categories.
Death Of Canadian Manufacturing Plants
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Author : Statistics Canada
language : en
Publisher:
Release Date : 2010
Death Of Canadian Manufacturing Plants written by Statistics Canada and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Spatial Patterns Of Manufacturing Plants Birth S And Deaths In Ohio 1978 87
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Author : Qiutao Wu
language : en
Publisher:
Release Date : 1990
Spatial Patterns Of Manufacturing Plants Birth S And Deaths In Ohio 1978 87 written by Qiutao Wu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with categories.
Birth And Death Of Manufacturing Plants And Restructuring In Appalachia S Industrial Economy 1963 1992
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Author : J. Bradford Jensen
language : en
Publisher:
Release Date : 1998
Birth And Death Of Manufacturing Plants And Restructuring In Appalachia S Industrial Economy 1963 1992 written by J. Bradford Jensen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Manufacturing industries categories.
The Growth And Failure Of U S Manufacturing Plants
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Author :
language : en
Publisher:
Release Date : 1988
The Growth And Failure Of U S Manufacturing Plants written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with categories.
Death Of Canadian Manufacturing Plants
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Author : John Russel Baldwin
language : en
Publisher:
Release Date : 2010
Death Of Canadian Manufacturing Plants written by John Russel Baldwin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business failures categories.
We examine the simultaneous effects of real-exchange-rate movements and of tariff reductions on plant death in Canadian manufacturing industries between 1979 and 1996. We find that both currency appreciation and tariff cuts increase the probability of plant death, but that tariff reductions have a much greater effect. Consistent with the implications of recent international trade models involving heterogeneous firms, we further find that the effect of exchange-rate movements and tariff cuts on exit are heterogeneous across plants--particularly pronounced among least efficient plants. Our results reveal multi-dimensional heterogeneity that current models featuring one-dimensional heterogeneity (efficiency differences among plants) cannot fully explain. There are significant and substantial differences between exporters and nonexporters, and between domestic- and foreign- controlled plants. Exporters and foreign-owned plants have much lower failure rates; however, their survival is more sensitive to changes in tariffs and real exchange rates, whether differences in their efficiency levels are controlled or not.