Structural Macroeconomic Change and the Size Pattern of Manufacturing Firms

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ISBN: 9781403918048 | 140391804X
Cover: Hardcover
Copyright: 1/17/2004

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The crisis of the so-called Golden Age regime has been paralleled since the late '60s of the twentieth century by and increasing importance of market exchanges as opposed to vertically integrated manufacturing activity, leading to major changes in the size structure of firms. These changes have generally taken the form of an employment shift towards low-scale firms, lower average size and higher number of manufacturing units. This book tries to explain on theoretical grounds the reasons for such important discontinuity.

List of Tables

List of Figures

Acknowledgements

xiii

Introduction

(6)

1 The Macroeconomic Context in Historical Perspective: Exogenous and Endogenous Changes in Firms' 'Competitive Environment'

(22)

1.1 Golden Age, industrial development, big business

(3)

1.2 The changing "competitive environment" in the early 1970's: exogenous and endogenous forces at work

(11)

1.3 Industrial development after the Golden Age: vertical dis-integration and the 're-emergence' of self-employment

(4)

1.4 In summary

(4)

2 A Theoretical Framework

(22)

2.1 A premise

(1)

2.2 The "managerial" vision

(2)

2.3 Transaction costs and beyond

(6)

2.4 Organizational complexity, information, "internal" resources

(5)

2.5 Searching for biological analogies

(2)

2.6 An overall view

(6)

3 Empirical Analysis I: Employment Shares and Absolute Employment Growth at the Size Level for Firms and Establishments: Six Industrial Countries in Two Different Phases of Industrial Development

(27)

3.1 The changing size pattern of business firms in industrial countries: current empirical research

(2)

3.2 A survey of empirical contributions referring to single countries

(5)

3.3 Currently available sources for international comparisons

(2)

3.4 Some new empirical evidence: the long-run dynamics of firms' employment shares

(3)

3.5 The long-run evolution of employment shares at the establishment level

(7)

3.6 Absolute employment changes in firms and establishments

(6)

3.7 Conclusions

(2)

4 Empirical Analysis II: the Number of Business Units and their Average size over the Long Run: Models of Industrial Development

(24)

4.1 The determinants of industrial employment: firms' average size and number

(2)

4.2 The average size of firms and establishments over the long run at the aggregate level

(7)

4.3 The number of firms and establishments over the long run at the aggregate level

(5)

4.4 Average size and number of firms at the size-class level

(7)

4.5 summing up the empirical evidence: models of industrial development

(3)

5 Firms versus Plants: a Closer Examination of their Different Behaviour in the Face of Structural Change

102

(17)

5.1 A conceptual framework

102

(7)

5.2 Gathering empirical evidence

109

(6)

5.3 Conclusions

115

(4)

6 Concluding Remarks

119

(9)

Appendix A: Building a New Data-Set on Industrial Structure: Six Industrial Countries from the Early 1960's to the mid-1990's

128

(16)

A.1 General issues

128

(1)

A.2 The data-set

129

(2)

A.3 Methodology

131

(13)

Appendix B: Measuring Firm Size

144

(7)

B.1 Some methodological issues

144

(3)

B.2 How size is measured in this book: advantages and limits of making use of (physical) labour endowments

147

(4)

Appendix C: Cross-References between Isic (Rev. 2) Codes and Industrial Activities

151

(3)

Notes

154

(20)

References

174

(8)

Index

182

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Structural Macroeconomic Change and the Size Pattern of Manufacturing Firms

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