IDEAS home Printed from https://ideas.repec.org/a/taf/entreg/v15y2003i1p69-82.html
   My bibliography  Save this article

Input/output ranges and performance: an examination of US machine tool producers

Author

Listed:
  • Ronald V. Kalafsky
  • Alan D. MacPherson

Abstract

Firms in the machine tool (MT) industry produce capital goods that are critical to the manufacturing efforts of other industrial producers, especially those that engage in metalworking activity. Today, US companies in this small but strategically important sector are exposed to substantial import competition, as well as to strong competition from foreign companies that have established branch facilities inside the USA. While there are signs that some US firms have expanded their geographic market ranges domestically and internationally, many producers still sell within a relatively restricted geographic area. This paper examines the interconnections that exist between the geographic input-output ranges of US machine tool producers and various indicators of business performance. Evidence is taken from a national survey of 104 MT companies. The empirical results suggest that geographically extensive sourcing correlates positively with company performance, and the same holds true for marketing (e.g. serving national or global customers delivers better results). Overall, the survey findings suggest that the most successful MT companies serve global markets and/or source globally for inputs.

Suggested Citation

  • Ronald V. Kalafsky & Alan D. MacPherson, 2003. "Input/output ranges and performance: an examination of US machine tool producers," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 15(1), pages 69-82, January.
  • Handle: RePEc:taf:entreg:v:15:y:2003:i:1:p:69-82
    DOI: 10.1080/0898562022000029269
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/0898562022000029269
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/0898562022000029269?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Robert Forrant, 1997. "Good Jobs and the Cutting Edge: The U.S. Machine Tool Industry and Sustainable Prosperity," Macroeconomics 9712008, University Library of Munich, Germany.
    2. Robert Forrant, 1997. "Good Jobs and the Cutting Edge: The U.S. Machine Tool Industry and Sustainable Prosperity," Economics Working Paper Archive wp_199, Levy Economics Institute.
    3. Wagner, Alfred, 1891. "Marshall's Principles of Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 5, pages 319-338.
    4. Donald A. Hicks, 1986. "Automation Technology and Industrial Renewal: Adjustment Dynamics in the U.S. Metalworking Sector," Books, American Enterprise Institute, number 925702, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Christian Schröder, 2014. "Dynamics in ICT cooperation networks in selected German ICT clusters," International Economics and Economic Policy, Springer, vol. 11(1), pages 197-230, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Raja Roy & Susan K. Cohen, 2017. "Stock of downstream complementary assets as a catalyst for product innovation during technological change in the U.S. machine tool industry," Strategic Management Journal, Wiley Blackwell, vol. 38(6), pages 1253-1267, June.
    2. Chris Tilly & Michael Handel, 1998. "The Diagnostic Imaging Equipment Industry: What Prognosis for Good Jobs?," Macroeconomics 9805002, University Library of Munich, Germany.
    3. Yariv, Leeat & Jackson, Matthew O., 2018. "The Non-Existence of Representative Agents," CEPR Discussion Papers 13397, C.E.P.R. Discussion Papers.
    4. SAITO Yukiko, 2013. "Role of Hub Firms in Geographical Transaction Network," Discussion papers 13080, Research Institute of Economy, Trade and Industry (RIETI).
    5. Emanuela Marrocu & Raffaele Paci & Stefano Usai, 2013. "Productivity Growth In The Old And New Europe: The Role Of Agglomeration Externalities," Journal of Regional Science, Wiley Blackwell, vol. 53(3), pages 418-442, August.
    6. Kristien Werck & Bruno Heyndels & Benny Geys, 2008. "The impact of ‘central places’ on spatial spending patterns: evidence from Flemish local government cultural expenditures," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 32(1), pages 35-58, March.
    7. Giulia Faggio & Olmo Silva & William C Strange, 2020. "Tales of the city: what do agglomeration cases tell us about agglomeration in general? [The anchor tenant hypothesis: exploring the role of large, local, R&D-intensive firms in regional innovation ," Journal of Economic Geography, Oxford University Press, vol. 20(5), pages 1117-1143.
    8. Paola Tubaro, 2009. "Is individual rationality essential to market price formation? The contribution of zero-intelligence agent trading models," Journal of Economic Methodology, Taylor & Francis Journals, vol. 16(1), pages 1-19.
    9. H. W. Arndt, 1984. "Political Economy," The Economic Record, The Economic Society of Australia, vol. 60(3), pages 266-273, September.
    10. Roberto Ganau & Andrés Rodríguez-Pose, 2022. "Does urban concentration matter for changes in country economic performance?," Urban Studies, Urban Studies Journal Limited, vol. 59(6), pages 1275-1299, May.
    11. Amy Glasmeier, 2007. "Book Reviews," Regional Studies, Taylor & Francis Journals, vol. 41(6), pages 867-870.
    12. Han, Feng & Ke, Shanzi, 2016. "The effects of factor proximity and market potential on urban manufacturing output," China Economic Review, Elsevier, vol. 39(C), pages 31-45.
    13. Diemer, Andreas & Regan, Tanner, 2022. "No inventor is an island: Social connectedness and the geography of knowledge flows in the US," Research Policy, Elsevier, vol. 51(2).
    14. Duranton, Gilles & Puga, Diego, 2014. "The Growth of Cities," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 5, pages 781-853, Elsevier.
    15. Otsuka, Akihiro, 2023. "Industrial electricity consumption efficiency and energy policy in Japan," Utilities Policy, Elsevier, vol. 81(C).
    16. Martin, Philippe & Mayer, Thierry & Mayneris, Florian, 2011. "Spatial concentration and plant-level productivity in France," Journal of Urban Economics, Elsevier, vol. 69(2), pages 182-195, March.
    17. Yener Altunbaş & Edward Jones & John Thornton, 2013. "Knowledge spillovers and the growth of British cities," Applied Economics Letters, Taylor & Francis Journals, vol. 20(2), pages 162-166, February.
    18. Markus Bugge, 2011. "Creative Distraction: Lack of Collective Learning in Adapting to Online Advertising in Oslo, Norway," Industry and Innovation, Taylor & Francis Journals, vol. 18(2), pages 227-248.
    19. Gibbons, Stephen & Silva, Olmo, 2008. "Urban density and pupil attainment," Journal of Urban Economics, Elsevier, vol. 63(2), pages 631-650, March.
    20. Figueroa, Nicolás & Serrano, Carlos J., 2019. "Patent trading flows of small and large firms," Research Policy, Elsevier, vol. 48(7), pages 1601-1616.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:entreg:v:15:y:2003:i:1:p:69-82. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/TEPN20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.