Downsizing in US Manufacturing, 1967 to 1997

Edward Wolff

    Research output: Contribution to journalArticle

    Abstract

    Using US Census of Manufacturing data covering the period from 1967 to 1997, I analyze factors affecting downsizing in manufacturing. The data show that average establishment size declined in manufacturing, from an average of 60.5 employees in 1967 to 46.5 in 1997. The econometric results indicate considerable support for the hypotheses that foreign competition puts pressure on enterprises to downsize and that falling profits lead to a reduction in establishment size. However, the findings reject the notions that unions are an effective impediment to downsizing and that faster information-technology capital formation leads to downsizing.

    Original languageEnglish (US)
    Pages (from-to)315-335
    Number of pages21
    JournalInternational Journal of the Economics of Business
    Volume19
    Issue number2
    DOIs
    StatePublished - Jul 2012

    Fingerprint

    Downsizing
    Manufacturing
    Establishment size
    Factors
    Employees
    Econometrics
    Capital formation
    Census
    Profit
    Foreign competition
    Impediments

    Keywords

    • Downsizing
    • Manufacturing
    • Productivity
    • Profitability

    ASJC Scopus subject areas

    • Economics and Econometrics
    • Business, Management and Accounting (miscellaneous)

    Cite this

    Downsizing in US Manufacturing, 1967 to 1997. / Wolff, Edward.

    In: International Journal of the Economics of Business, Vol. 19, No. 2, 07.2012, p. 315-335.

    Research output: Contribution to journalArticle

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