Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/27246 
Authors: 
Year of Publication: 
2007
Series/Report no.: 
DIW Discussion Papers No. 722
Publisher: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Abstract: 
German chemical manufacturing industry is marked by two major structural changes during 1992-2004. Firstly, number of firms was ranging extensively: from 676 to 901, while only 96 firms represented balanced panel. Secondly, size of the firm dropped considerably-by 88%. This paper is intended to shed light on both phenomena. Based on reliable census data analysis suggests the former evidence be explained (i) by persistent poor performance of firms and (ii) by so called general purpose technology argument. The latter phenomenon was found to be a rational behaviour because numerous firms continually operated under decreasing returns to scale.
Subjects: 
DEA
technical and scale efficiency
technological change
firm size
firm level data
chemical manufacturing
JEL: 
D21
L23
L25
L65
Document Type: 
Working Paper

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