The Determinants of Plant Survival in the U.S. Radio Equipment Industry During the Great Depression
研究大萧条时期无线电设备行业工厂生存的决定因素,发现技术规模经济作用不大,而品牌所有权等非技术生产率因素更为关键。
Automobile manufacture is generally regarded as the paradigmatic mass production industry, with large plants able to exploit scale economies. We argue that the radio industry also sheds important light on evolving production technology and determinants of competitive success in inter-war manufacturing. Timothy F. Bresnahan and Daniel M.G. Raff (1991) showed that productivity differences resulting from scale in the auto industry translated into differences in exit rates during the Depression. We find that technical scale economies did not play a large role in the radio industry. Instead selection during the Depression was on non-“technical” productivity factors, including whether or not a plant's parent company owned a brand.