Output Fluctuations at the Plant Level

Timothy Bresnahan () and Valerie Ramey

No 4105, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper studies weekly output fluctuations from 1972 to 1983 at fifty final assembly plants in the U.S. automobile industry. The study makes use of a new data set that contains detailed information on plant operations. The main findings of the paper are: (1) Even at the simplest fabrication and assembly plant, there are a variety of margins on which production quantities are adjusted; (2) The production adjustment margins appear to have very different dynamic characteristics; and (3) The analysis of plant level data can lead to conclusions that are dramatically different from those reached using aggregated data, even though the data are driven by industry-wide shocks.

Date: 1992-06
Note: EFG
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Published as Bresnahan, Timothy F. and Valerie A. Ramey. "Output Fluctuations At The Plant Level," Quarterly Journal of Economics, 1994, v109(3), 593-624.

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Journal Article: Output Fluctuations at the Plant Level (1994)
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