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Working Paper

An Institutional Analysis of the Size Distribution of Manufacturing Establishments : An International Cross-Section Study

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  • 저자 Jeffrey B. Nugent, Mustapha K. Nabli
  • 발행일 1989/08/01
  • 시리즈 번호 8921
원문보기
요약 Most attempts to explain size distribution fog manufacturing
establishments have been based on technological and market-size
determinants, In general, neither habe the theoretical models
employed succeeded in yielding clear-cut, testable hypotheses
concerning the size distributions nor have the tests that have
been conducted(in so far as they are not tautological) yielded
much in the way of support. While institutional factors have
sometimes been mentioned in such studies, they have virtually
never been central to the analysis, Moreover, the mechanisms
through which they would affect the size distributions habe not
been adequately explained.

The purpose of the present paper is to bring these
institutional factors to the forefront by developing a transaction
cost-based framework for analyzing international differences in
the size distributions of manufacturing establishments. After a
brief review of the literature in Section Ⅰ, the transaction cost
framework is developed in Section Ⅱ. This is followed in
Section Ⅲ by the empirical formulation of a model for explaining
the size distribution of aggregate manufacturing establishments
across a sample of 54 developed and developing countries. The
results are presented and analysed in Section Ⅳ.

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