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Title:Downsizing in German chemical manufacturing industry during the 1990s: why small is beautiful? PDF Logo
Authors:Badunenko, Oleg
Issue Date:2007
Series/Report no.:Discussion papers // German Institute for Economic Research 722
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
Appears in Collections:Publikationen von Forscherinnen und Forschern des DIW
DIW-Diskussionspapiere

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