Structural Macroeconomic Change and the Size Pattern of Manufacturing Firms

Download or read book Structural Macroeconomic Change and the Size Pattern of Manufacturing Firms written by F. Trau and published by Springer. This book was released on 2003-11-11 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: The crisis of the so-called Golden Age regime has been paralleled since the late 1960s by an increasing importance of market exchanges as opposed to vertically integrated manufacturing activity, leading to major changes in the size structure of firms. These changes have generally taken the form of an employment shift towards low-scale firms, lower average size and a higher number of manufacturing units. This book tries to explain on theoretical grounds the reasons for such important discontinuity.