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Factory size, economies of scale, and the great merger wave of 1898–1902

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  • O'Brien, Anthony Patrick

Abstract

Analysis of census data reveals that the size of the average factory in the United States grew more rapidly during the 1870s and 1880s than during any subsequent decade through the 1920s. While the average factory doubled in size between 1869 and 1889, it increased by only about a quarter between 1899 and 1929. These results support the view that the reaping of economies of scale was not an important motive for the great merger wave.

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  • O'Brien, Anthony Patrick, 1988. "Factory size, economies of scale, and the great merger wave of 1898–1902," The Journal of Economic History, Cambridge University Press, vol. 48(3), pages 639-649, September.
    • Handle: RePEc:cup:jechis:v:48:y:1988:i:03:p:639-649_00
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    Cited by:

    1. Nicolas Ziebarth, 2013. "Are China and India Backwards? Evidence from the 19th Century U.S. Census of Manufactures," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(1), pages 86-99, January.

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