You are looking at 1 - 10 of 19 items

  • Author or Editor: John Foster x
Clear All Modify Search
This content is available to you

Lucia Foster, John Haltiwanger, Shawn Klimek, C.J. Krizan and Scott Ohlmacher

The growth and dominance of large, national chains is a ubiquitous feature of the US retail sector. The recent literature has documented the rise of these chains and the contribution of this structural change to productivity growth in the retail trade sector. Recent studies have also shown that the establishments of large, national chains are both more productive and more stable than the establishments of single-unit firms they are displacing. We build on this literature by following the paths of retail firms and establishments from 1977 to 2007 using establishment- and firm-level data from the Census of Retail Trade and the Longitudinal Business Database. We dissect the shift towards large, national chains on several margins. We explore the differences in entry and exit as well as job creation and destruction patterns at the establishment and firm level. We find that over this period there are consistently high rates of entry and job creation by the establishments of single-unit firms and large, national firms, but net growth is much higher for the large, national firms. Underlying this difference is far lower exit and job destruction rates of establishments from national chains. Thus, the story of the increased dominance of national chains is not so much due to a declining entry rate of new single-unit firms but rather the much greater stability of the new establishments belonging to national chains relative to their single-unit counterparts. Given the increasing dominant role of these chains, we dissect the paths to success of national chains, including an analysis of four key industries in retail trade. We find dramatically different patterns across industries. In general merchandise, the rise in national chains is dominated by slow but gradual growth of firms into national chain status. In contrast, in apparel, which has become much more dominated by national chains in recent years, firms that quickly became national chains play a much greater role.
You do not have access to this content

Phillip Wild, William Paul Bell and John Foster

This content is available to you

Edited by John Foster and Werner Hölzl

This content is available to you

Edited by John Foster and Werner Hölzl

This content is available to you

John Foster and Werner Hölzl

You do not have access to this content

Edited by John Foster and Werner Hölzl

This book takes up the challenge of developing an empirically based foundation for evolutionary economics built upon complex system theory. The authors argue that modern evolutionary economics is at a crossroads. At a theoretical level, modern evolutionary economics is moving away from the traditional focus of the operation of selection mechanisms and towards concepts of ‘complex adaptive systems’ and self-organisation. On an applied level, new and innovative methods of empirical research are being developed and considered. The contributors take up this challenge and examine aspects of complexity and evolution in applied contexts.
This content is available to you

Edited by John Foster and J. Stanley Metcalfe

This content is available to you

Edited by John Foster and J. Stanley Metcalfe

This content is available to you

Edited by John Foster and J. Stanley Metcalfe

This content is available to you

Edited by John Foster and J. Stanley Metcalfe