Economies of scale in European manufacturing revisited
Working paper
Permanent lenke
http://hdl.handle.net/11250/162896Utgivelsesdato
2001-06Metadata
Vis full innførselSamlinger
- Discussion papers (SAM) [662]
Sammendrag
We test for internal and external economies of scale in European manufacturing employing a more
disaggregated data set than what has been used in earlier analyses, and aim to separate externalities
from common business cycle effects. Fifteen European manufacturing industries in Germany, France,
the U.K. and Italy are analysed. We focus on economies of scale at three levels: the national
industry, the national industrial cluster, and the transnational industry. Our results suggest that external
economies of scale arising from inter-industry external effects and cross-country effects are less
prevalent than increasing returns at the level of the industry and firm. Our results underscore the
importance of level of disaggregation in studies of internal and external economies of scale, and also that the external effects are highly country and industry specific.
Utgiver
Norwegian School of Economics and Business Administration. Department of EconomicsSerie
Discussion paper2001:12