Industry Life Cycles in Dutch Manufacturing

van Dijk, Michiel (1998). Industry Life Cycles in Dutch Manufacturing. UNU-MERIT Research Memoranda. UNU-MERIT.

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  • Sub-type Working paper
    Author van Dijk, Michiel
    Title Industry Life Cycles in Dutch Manufacturing
    Series Title UNU-MERIT Research Memoranda
    Volume/Issue No. 14
    Publication Date 1998
    Place of Publication Maastricht, NL
    Publisher UNU-MERIT
    Pages 34
    Language eng
    Abstract Theories and models on product life cycles explain and depict the evolution of an industry's structural and dynamic properties over its lifetime. Hence, empirically observed intersectoral differences may stem from different evolutionary stages that industries occupy. The aim of this paper is to find empirical evidence for this explanation. By using a model on industrial evolution by Klepper (1996), and by exploring a firm-level dataset on the Dutch manufacturing sector, this paper will show that industries in different stages show significantly different regularities. Furthermore, it will be shown that to a considerable extent, the observed regularities are in line with Klepper's model. However, no evidence was found for Klepper's hypothesis that differences in industrial regularities can be explained by dynamic increasing returns from technological change.
    Copyright Holder n/a
    Copyright Year 1998
    Copyright type All rights reserved
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