TY - JOUR
T1 - Trade, Geography, and industry growth in U.S. manufacturing
AU - Francis, John
AU - Zheng, Yuqing
PY - 2012/4
Y1 - 2012/4
N2 - Much of the recent empirical literature examining the New Economic Geography has focused on how access to markets impacts wages. In this article, we consider an alternative aspect of the theory by examining how access to markets affects industry growth. We develop a model relating the growth of two key measures of market size-market access and supplier access-to growth in industry employment and the real value of industry shipments. We estimate the model using data on U.S. manufacturing industries between 1984 and 1996. We find strong evidence to suggest that access to markets positively affects industry growth.
AB - Much of the recent empirical literature examining the New Economic Geography has focused on how access to markets impacts wages. In this article, we consider an alternative aspect of the theory by examining how access to markets affects industry growth. We develop a model relating the growth of two key measures of market size-market access and supplier access-to growth in industry employment and the real value of industry shipments. We estimate the model using data on U.S. manufacturing industries between 1984 and 1996. We find strong evidence to suggest that access to markets positively affects industry growth.
UR - http://www.scopus.com/inward/record.url?scp=84861830771&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84861830771&partnerID=8YFLogxK
U2 - 10.4284/0038-4038-78.4.1222
DO - 10.4284/0038-4038-78.4.1222
M3 - Article
AN - SCOPUS:84861830771
SN - 0038-4038
VL - 78
SP - 1222
EP - 1241
JO - Southern Economic Journal
JF - Southern Economic Journal
IS - 4
ER -