Survival Duration of Plants---Evidence from U.S. Petroleum Refining Industry
學年 88
學期 2
發表日期 2000-06-15
作品名稱 Survival Duration of Plants---Evidence from U.S. Petroleum Refining Industry
作品名稱(其他語言)
著者 Chen, Ming-Yuan
作品所屬單位 淡江大學產業經濟學系
出版者
會議名稱 產業經濟學國際學術研討會=2000 Taipei International Conference on Industrial Economics
會議地點 臺北市, 臺灣
摘要 This paper presents a duration analysis on the survival of U.S. petroleum refining plants for the 1981-1986 period, when the industry as a whole declines in response to decontrols of crude oil markets . The purpose is to examine the duration dependence and determinants of post-deregulation plant lifetimes. The Weibull model with the correction for unobserved individual heterogeneity provides a better fit to the data. Both small plants receiving larger entitlement subsidies and simple plants equipped with fewer technologies have lower survival duration. An inverse U-shaped effect of multiplant coordination on life duration is found. Longer lifetimes of acquired plants suggest the effect of takeovers in facilitating plant restructuring and survival.
關鍵字 存活期間;多廠協調;美國;煉油工業;存活模型;Survival Duration;Multiplant Coordination;United States Of America;Petroleum Refining Industry;Survival Model
語言 en
收錄於
會議性質 國際
校內研討會地點
研討會時間 20000615~20000617
通訊作者
國別 TWN
公開徵稿 Y
出版型式 紙本
出處 產業經濟學國際學術研討會論文集=Proceedings of the 2000 Taipei International Conference on Industrial Economics,頁1074-1110
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