manufacturing

African Small and Medium Enterprises, Networks, and
Manufacturing Performance

This paper examines the role of private support institutions in determining small and medium enterprise (SME) growth and performance in Sub-Saharan Africa (SSA). It finds that SMEs in SSA get around market failures and lack of formal institutions by creating private governance systems in the form of long-term business relationships and tight, ethnically-based,
business networks.

SMEs in Global Value Chains of Automotive and Precision Instruments Industies: A Preliminary Analysis

This paper contains an uneven but parallel analysis of the automotive and precision instrument industries, and looks at the specific issues related to the role of SMEs in manufacturing in general. The authors conclude that in order to have a comprehensive view of the role that SMEs play in value chains attention should be paid to their innovative capacity but also to the way fruits of this capacity are shared along the value chain.

Bearing the Brunt: Manufacturing Job Loss in the Great Lakes Region, 1995-2005

This report examines recent trends in manufactuing employment in seven states of the Great Lakes manufacturing belt and in the 25 manufacturing-dependent metropolitan areas in those states. Trends are compared with information on manufacturing output and on employment in the advanced service sector, consisting of the information, financial activities, and professional and businesss services industries. As with manufacturing, these industries both pay higher-than-average wages and generate export income for their home regions.

Economic Consequences of Dollar Appreciation for U.S. Manufacturing Investment: A Time-Series Analysis

This paper analyzes the effects of the real value of the dollar on investment in US domestic manufacturing, using aggregate time-series data for 1973-2004. The econometric estimates reveal robust evidence for a negative effect of the dollar that is much larger than has been found in any previous study (and which is not sensitive to various alternative specifications). The results also suggest that the exchange rate affects investment mainly, although not exclusively, through the channel of financial or liquidity constraints, rather than by affecting the desired stock of capital.

Growth of Industrial Sectors: Theoretical Insights and Empirical Evidence from U.S. Manufacturing

The authors study the growth rates of 4-digit sectors in U.S. manufacturing. Two measures of size (value of shipments, value added) are considered, for each of the 38 years (1959-1996) of a sample of 458 4-digit sectors, drawn from the NBER Manufacturing Productivity database.

Hierarchical Structure in Brazilian Industrial Firms: An Econometric Study

The paper investigates different implications of theoretical models for hierarchical structure. A sample of 6567 firms in the Brazilian manufacturing industry is considered and explanatory factors pertaining structural characteristics, network technology, technological innovations, managerial innovations and incentive mechanisms are investigated.

Backward and Forward Linkages, Specialization and
Concentration in Finnish Manufacturing in the Period 1995-1999

This study focuses on industrial concentration and regional specialization in Finland in the late 1990s. Results show increasing specialization and at least for some industries in-creased geographical concentration. Thus, there was no single process driving all industries in the same direction.

Machines as Engines of Growth

This paper builds a model of growth through industrialization, as machines replace workers in a growing number of tasks. The model shows that industrialization and growth take off only if the economy is productive enough. It also shows that monopoly power can stifle growth, as it lowers wages.