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dc.contributor.authorFornahl, Dirken_US
dc.contributor.authorGuenther, Christinaen_US
dc.description.abstractThe paper Investigates stability and change of regional economic activities in the long-run. As the unit of analysis we selected the machine tool industry in West Germany for the years 1953 to 2002. We spot a strong variance in the activities between the different regions. These differences are relatively stable over time and the regional activities are rather path-dependent. Nevertheless, the paper also identifies changes in the level of activities. As the main driving factors for these changes we examine the effect of regional diversification strategies. We find that those regions pursuing a general diversification strategy have a higher likelihood to grow than regions which are specialising. Furthermore, diversification into totally new technological and product fields is only beneficial under specific circumstances based on technological and market developments. Hence, in most cases a broad diversification is superior to one focusing on new state-of-the-art technological fields.en_US
dc.publisherMax-Planck-Inst. für Ökonomik Jenaen_US
dc.relation.ispartofseriesPapers on economics and evolution 0816en_US
dc.subject.keywordGeographic concentrationen_US
dc.subject.keywordspecialisation indicesen_US
dc.subject.keywordmachine tool industryen_US
dc.subject.keywordagglomeration economiesen_US
dc.titlePersistence and change of regional industrial activities: The impact of diversification in the German machine tool industryen_US
dc.typeWorking Paperen_US
Appears in Collections:Papers on Economics and Evolution, Max-Planck-Institut für Ökonomik

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