Industry Dynamics in the Swedish Textile and Wearing Apparel Sector

Industry Dynamics in the Swedish Textile and Wearing Apparel Sector This paper analyses the adjustment process within the Swedish textile and wearing apparel sector and finds results that support the notion of Schumpeter’s ‘creative’ destruction. The turnover of plants and jobs seems to ‘improve’ the industries from within due to an exit (entry) of less (more) productive plants, exit (entry) of old (new) incumbents, a destruction (creation) of less (more) human-capital intensive jobs, and a supply of new products on the world market. The econometric analysis of the probability of exit with plant, firm and industry characteristics supports the idea of a rationalisation from within. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Industry Dynamics in the Swedish Textile and Wearing Apparel Sector

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 2005 by Kluwer Academic Publishers
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-004-8115-8
Publisher site
See Article on Publisher Site

Abstract

This paper analyses the adjustment process within the Swedish textile and wearing apparel sector and finds results that support the notion of Schumpeter’s ‘creative’ destruction. The turnover of plants and jobs seems to ‘improve’ the industries from within due to an exit (entry) of less (more) productive plants, exit (entry) of old (new) incumbents, a destruction (creation) of less (more) human-capital intensive jobs, and a supply of new products on the world market. The econometric analysis of the probability of exit with plant, firm and industry characteristics supports the idea of a rationalisation from within.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Dec 23, 2004

References

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