| Abstrakt: |
In this study, the Cox proportional hazards model was used to examine factors influencing sawmill plant closures in the US South from 1995 to 2013. Factors considered were plant structure, plant capacity, and the geographic agglomeration of sawmills. The results show that larger plants were found to be less likely to be shut down, whereas sawmill plants owned by multiplant firms were more likely to be closed. Furthermore, intensive competition was found to be a positive influence on closure rates of sawmill plants, whereas specific locations or how closely sawmills were located to one another was not significant. The results of this study suggest that the trend toward increasing industrial concentration will continue within the softwood lumber industry in the US South regardless of economic conditions. [ABSTRACT FROM AUTHOR] |
