IDEAS home Printed from https://ideas.repec.org/p/wpa/wuwpma/9712008.html
   My bibliography  Save this paper

Good Jobs and the Cutting Edge: The U.S. Machine Tool Industry and Sustainable Prosperity

Author

Listed:
  • Robert Forrant

    (The Jerome Levy Economics Institute)

Abstract

A principal focus of the paper is a comparative analysis of the development of computer numerically controlled machine tools in the U.S. and Japan. Japan's ability to wrest global machine tool preeminence from the U.S. grew out of its successful development of this technology. The first section of the paper contains a brief history of the industry and documents the decline of production and employment after 1970. Section two describes the industry's failure to resolve the problems caused by extreme new order cyclicality. Section three reviews the history of numerical control machine tool development in the U.S. and Japan. In section four and the conclusion various reasons for the industry's collapse are discussed.

Suggested Citation

  • 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.
    • Handle: RePEc:wpa:wuwpma:9712008
    Note: Type of Document - Acrobat PDF; prepared on IBM PC ; to print on PostScript; pages: 31; figures: included
    as

    Download full text from publisher

    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/mac/papers/9712/9712008.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Toshiaki Chokki, 1986. "A History of the Machine Tool Industry In Japan," Palgrave Macmillan Books, in: Martin Fransman (ed.), Machinery and Economic Development, chapter 4, pages 124-152, Palgrave Macmillan.
    2. Martin Fransman, 1986. "Machinery in Economic Development," Palgrave Macmillan Books, in: Martin Fransman (ed.), Machinery and Economic Development, chapter 1, pages 1-53, Palgrave Macmillan.
    3. 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. Chris Tilly & Michael Handel, 1998. "The Diagnostic Imaging Equipment Industry: What Prognosis for Good Jobs?," Macroeconomics 9805002, University Library of Munich, Germany.
    2. 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.
    3. 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.

    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. Lin, Ping, 2006. "Strategic spin-offs of input divisions," European Economic Review, Elsevier, vol. 50(4), pages 977-993, May.
    2. Lee, Kong Rae, 1996. "The role of user firms in the innovation of machine tools: The Japanese case," Research Policy, Elsevier, vol. 25(4), pages 491-507, June.
    3. repec:ilo:ilowps:258768 is not listed on IDEAS
    4. Kong-Rae Lee & Joong-Hae Suh, 1998. "Technology Gap Approach To A Dynamic Change In World Machine Tool Markets: A Panel Data Analysis," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 7(3), pages 203-220.
    5. Edmund Amann, 1999. "Technological self-reliance in Brazil: Achievements and prospects—some evidence from the non-serial capital goods sector," Oxford Development Studies, Taylor & Francis Journals, vol. 27(3), pages 329-357.
    6. Linsu Kim, 2017. "Technology Transfer & Intellectual Property Rights," Working Papers id:12348, eSocialSciences.
    7. Linsu Kim, 1998. "Crisis Construction and Organizational Learning: Capability Building in Catching-up at Hyundai Motor," Organization Science, INFORMS, vol. 9(4), pages 506-521, August.
    8. 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.
    9. Sanjaya Kumar Malik, 2015. "Measurement of Technological Change in India’s Textile Machinery Industry Using the Malmquist Productivity Index," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 9(2), pages 179-203, May.
    10. Gupta, Bishnupriya, 1997. "The Great Depression and Brazil' s capital goods sector: a re-examination," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 51(2), April.
    11. Richard Doner, 1993. "Japanese Foreign Investment and the Creation of a Pacific Asian Region," NBER Chapters, in: Regionalism and Rivalry: Japan and the United States in Pacific Asia, pages 159-216, National Bureau of Economic Research, Inc.
    12. James DD., 1988. "Impact of technology imports on indigenous technological capacity: the case study of Mexico," ILO Working Papers 992587683402676, International Labour Organization.
    13. Vinish Kathuria, 2009. "Technical Change, International Competitiveness, and Role of the State: Indian Machine Tool Industry's Experience," Working Papers id:2157, eSocialSciences.
    14. Kiamehr, Mehdi & Hobday, Mike & Hamedi, Mohsen, 2015. "Latecomer firm strategies in complex product systems (CoPS): The case of Iran’s thermal electricity generation systems," Research Policy, Elsevier, vol. 44(6), pages 1240-1251.
    15. Donald A. Hicks, 1987. "Geo-Industrial Shifts in Advanced Metropolitan Economies," Urban Studies, Urban Studies Journal Limited, vol. 24(6), pages 460-479, December.

    More about this item

    JEL classification:

    • E - Macroeconomics and Monetary Economics

    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:wpa:wuwpma:9712008. 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: EconWPA (email available below). General contact details of provider: https://econwpa.ub.uni-muenchen.de .

    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.