manufacturing

While the emphasis on services rather than manufacturing has been widely noted, within manufacturing India has emphasized skill-intensive rather than labor-intensive manufacturing, and industries with typically higher average scale, according to the authors. They show that some of these distinctive patterns existed even prior to the beginning of economic reforms in the 1980s, and argue they stem from the idiosyncratic policies adopted soon after Indias independence.

The report, written primarily for policymakers who may not appreciate the contributions and challenges faced by small and medium manufacturers (SMM) in their own states, reveals two important trends in SMMs. The report also identifies 15 best practices that are followed by successful SMMs.

This Economic Commentary focuses on the extent to which strong productivity growth in detailed manufacturing industries is associated with weak employment growth, and thus with generally weaker employment growth compared to the service sector.

The authors test for the presence of externalities in UK manufacturing industry, seeking to identify the channels through which they operate. Using survey data on average variable cost available by industry, they estimate a translog cost function, storing the coefficients on time dummies for a second stage regression in which measures of external activity are entered to capture omitted spillover effects.

In a new economic geography framework with input-output linkages, this study analyses decisions made by foreign firms about their location within Hungary. A rich dataset of corporate tax returns of Hungarian firms between 1992 and 2002 as well as annual labor surveys are used to get location, sales and wage data.

The major objective of the study is to complement the findings of the studies on industrial agglomeration in Turkey’s manufacturing industry by exploring whether specialization and concentration patterns have changed over time and to expose the driving forces of geographic concentration in Turkey’s manufacturing industry, particularly during Turkey’s economic integration process with the European Union under the customs union established in 1996.

According to the report, the manufacturing sector in Indiana accounts for 68 percent of the jobs in the state and provides about 37 percent of all state and local taxes. The Indiana Manufacutures Association hopes the new data will lead to new policies that promote manufacturing investment in the state.

This paper examines the interaction between services and manufacturing using several types of data and shows that the distinction between manufacturing and services is blurring. Services make important contributions to production, mainly through their direct contribution to total output and final demand, but to some degree also through their indirect contribution via other industries.

This paper uses data on the manufacturing sector, for the period 1966-2002 and estimates a CES production function in which military spending is assumed to effect growth through its impact on trend technological change.

According to the authors, the standard quadratic price adjustment cost function makes no allowance for firm
size or for scale economies. Incorporating quadratic price adjustment costs into the profit function, a firm’s speed of price adjustment is both shown to be a
positive/negative function of its size when firms have scale economies/diseconomies with regard to these costs and to be a negative function of market power.