Salvary, Stanley (2007): The impact of firm-type dominance on regional manufacturing growth.
Download (120Kb) | Preview
Availability of financial capital and location decisions are variables that influence regional manufacturing output. This study maintains that a region’s manufacturing growth depends upon the region’s firm-type dominance. That is, the type of firms that dominate the region’s manufacturing output can be classified as non-local (national or foreign - NF) vs. local and large vs. small. Accordingly, for policy analysis, regions can be classified by firm-type dominance. This distinction is important since, invariably, location decision options and availability of financial capital are more favourable for the larger NF firms than for local firms. In an attempt to assess the impact of firm-type dominance, this study draws upon the dominant industry model which has established that, in any given region, there is a dominant industry (the driving force of the region) to which a region’s manufacturing growth is linked. The information on the impact of firm-type dominance on a region's manufacturing output may enable policy-makers to design workable (or revise existing) manufacturing diversification policies.
|Item Type:||MPRA Paper|
|Original Title:||The impact of firm-type dominance on regional manufacturing growth|
|Keywords:||state-regions and industry-regions; chemical industry region; regional policy analysis; manufacturing growth; firm-type dominance; availability of financial capital; dominant industry model; manufacturing firms' location decisions; regional economic development; foreign-owned manufacturing plants|
|Subjects:||R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics
R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R12 - Size and Spatial Distributions of Regional Economic Activity
R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
|Depositing User:||Stanley C. W. Salvary|
|Date Deposited:||28. Aug 2007|
|Last Modified:||12. Feb 2013 19:18|
Brittain, John A. (1966) Corporate Dividend Policy. Washington, D.C.: Brookings Institution.
Bremmer, Dale S. and Kesselring, Randall G. (1993) “The Determinants of Regional Manufacturing Investment: A Simultaneous Equations Approach.” Journal of Regional and Policy Analysis 23 No.2.
Burrows, James C.; Metcalf, Charles E.; and Kaler, John B. (1971) Industrial Location in the United States. Lexington, Massachusetts: D. C. Heath and Company.
Carlton, Dennis W. (1983) "The Location and Employment Choices of New Firms: An Econometric Model with Discrete and Continuous Endogenous Variables." Review of Economics and Statistics (August). Committee of New England of the National Planning Association. (1954) The Economic State of New England. New Haven: Yale University Press.
Conroy, Michael E. (1975) Regional Economic Growth: Diversification and Control. New York; Washington; London: Praeger Publisher.
Cottle, Sidney and Whitman, Tate. (1959) Corporate Earning Power and Market Valuation 1935-1955. Durham, North Carolina: Duke University Press.
Coughlin, Cletus C. (1992) “Foreign-owned companies in the United States: malign or benign?” Federal Reserve Bank of St. Louis Review (May 1).
Coughlin, Cletus and Segev, Eran. (2000) “Location Determinants of New Foreign-Owned Manufacturing Plants” Journal of Regional Science (V.40 No.2).
Donaldson, Gordon. (1961) Corporate Debt Capacity. Boston: Harvard University Press.
Drobovolsky, Sergei P. (1951) Corporate Income Retention 1915-1943. New York: National Bureau of Economic Research, Inc.
Dun & Bradstreet. (1987) Million Dollar Directory. Parsippany, New Jersey: Dun & Bradstreet.
______________. (1980) Million Dollar Directory. Parsippany, New Jersey: Dun & Bradstreet.
______________. (1971) Million Dollar Directory. Parsippany, New Jersey: Dun & Bradstreet.
______________. (1964) Million Dollar Directory. Parsippany, New Jersey: Dun & Bradstreet.
Engerman, S. "Regional Aspects of Stabilization Policy." (1965) Essays in Fiscal Federalism. Edited by R.A. Musgrave. The Brookings Institution as cited in Regional Analysis. Edited by L. Needleman. Middlesex, England: Penguin Books, Ltd., 1968.
Ersenkal, Caryl R. and Dillman, B. L. (1984) “The Product Cycle and Shifts in the Location of Manufacturing.” Journal of Regional and Policy Analysis (14 No.1):30-39.
Feiock, Richard and Rowland, C. K. (1990) "Environmental Regulation and Economic Developmen: The Movement of Chemical Production among States." Western Political Quarterly (September): 561-576.
Fotheringham, A. Stewart. (1985) "Modeling Firms: Locational Choices and Core-Periphery Growth." Growth and Change 16: 13-16.
Gerking, Shelby D. and Isserman, Andrew M. (1981) "Bifurcation and the Time Pattern of Impacts in the Economic Base Model." Journal of Regional Science 21:451-467.
Grose, Andrew P. (1993) "The Pros and Cons of Investment Incentives: How Do You Know You Get What You Pay For?" Spectrum (Summer): 21-28.
Hamberg, Daniel. (1971) Models of Economic Growth. New York; London: Harper & Row.
________. (1956) Economic Growth and Instability. New York: W.W. Norton & Company Inc.
Helms, L. Jay. (1985) "The Effect of State and Local Taxes on Economic Growth: A Time Series-Cross Section Approach." Review of Economics and Statistics (November).
hUallachain, B. O. (1990) "The Location of US Manufacturing: Some Empirical Evidence on Recent Geographical Shifts." Environment and Planning A. 22:1205-1222.
Kalecki, M. (1954) Theory of Economic Dynamics. London: George Allen & Unwin.
Lintner, John. (1949) Corporate Profits in Perspective. Washington, D.C.: American Enterprise Association, Inc.
Marketing Economics Institute. (1960) Key Plants Manufacturing Marketing Directory: 40,000 Plants with 100 or more Employees. New York: Marketing Economics Institute.
_________. (1969/1970) Key Plants Manufacturing Marketing Directory. New York: Marketing Economics Institute.
______________. (1979/1980) Key Plants Manufacturing Marketing Directory. New York: Marketing Economics Institute.
McHone, W. Warren. (1984) "State Industrial Development Incentives and Employment Growth in Multistate SMSAs." Growth and Change 15:8-15.
Meyer, John R. and Kuh, Edwin. (1959) The Investment Decision - An Empirical Study. Cambridge, Massachusetts: Harvard University Press.
Moriarty, B. M. (1991) "Urban Systems, Industrial Restructuring, and the Spatial-Temporal Diffusion of Manufacturing Employment." Environment and Planning A 23:1571-1588.
Perroux, Francois. "Note on the Concept of 'Growth Poles' ". (1955) (Translated from French: "Note sure la Notion de'pole de croissance." Economie Appliquee as cited in Regional Economics: Theory and Practice. Edited by David L. McKee, Robert D. Dean and William Leahy. New York: The Free Press. London: Collier Macmillan Limited, 1970.
Richardson, Harry W. (1978) "The State of Regional Economics: A Survey Article." International Regional Science Review (Fall).
Rosengren, Eric S. (1990) "How Diversified is New England?" New England Economic Review (Nov./Dec.).
Rumelt, Richard P. (1974) Strategy, Structure and Economic Performance. Cambridge, Massachusetts: Harvard University Press.
Salvary, Stanley C. W. (1987 "An Empirical Test of the Dominant Industry Hypothesis: Some Preliminary Evidence." Regional Science Perspectives (17:1). ______________. (1977) Regional Manufacturing Economic Growth: An Empirical Analysis of the Impact of the Dominant Industry Hypothesis. Unpublished Doctoral Dissertation. New York University.
Sherman, Howard J. (1968) Profits in the United States. New York: Cornell University Press.
Stafford, Howard A. (1991) "Manufacturing Plant Closure Selections within Firms." Annals of the Association of the American Geographers (81-1: 51-65).
Steinnes, Donald N. (1984) "Business Climate, Tax Incentives, and Regional Economic Development." Growth and Change (15:38-57).
U.S. Congress, House, Committee on Interstate and Foreign Commerce. Institutional Investor Study, Report of the Securities and Exchange Commission. Vol. 4. H. Doc. 92-64, Part 4, 92nd Congress, 1st sess., 1971.
Copyright © 2007
Available Versions of this Item
- The impact of firm-type dominance on regional manufacturing growth. (deposited 28. Aug 2007) [Currently Displayed]