The cyclical dynamics of industries in West Germany : testing the industry life cycle hypothesis

by Thomas Brenner; Matthias Dorner

We test the industry life cycle hypothesis for 205 industries in West Germany between 1976 and 2009. In particular we analyse whether population indicators follow a cyclical path. Using a novel non-linear regression approach to identify life cycles we find that the number of establishments, employees, entries and exits follow in most industries a path that is well represented by at least a part of a cycle. Most industries that show cyclical behaviour run (partially) through their life cycle in the considered time period.

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Year of publication:	2015
Authors:	Brenner, Thomas ; Dorner, Matthias
Publisher:	Marburg : Philipps-Univ., Dep. of Geography
Subject:	Industry life cycle \| cyclical development \| establishment \| employment \| industry dynamics \| Lebenszyklus \| Life cycle \| Deutschland \| Germany \| Konjunktur \| Business cycle \| Industrie \| Manufacturing industries \| Schätzung \| Estimation