Abstract
Based on the empirical findings from Chap. 9 and an overview of the institutional history of the US textile and apparel industries, policy prescriptions for the growth of the US industry are suggested. Namely, we suggest the formation of a textile extension program (TEP) and/or an apparel extension program (AEP) might be able to inform firm principals which universities or research institutes have greater expertise to solve specific manufacturing or production issues. TEP and/or AEP hubs might also point firm principals to regional or national research programs that are aligned well with their manufacturing or production needs.
Don’t ever take a fence down until you know why it was put up.
—Robert Frost
The difference between style and fashion is quality.
—Giorgio Armani
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Notes
- 1.
Declines in employment that are not related to production decreases.
- 2.
HS codes have slowly replaced SITC codes; therefore, we use HS codes to refer to each type of product classification.
- 3.
Recall from Chap. 5 that the mean size of a firm in our final sample of firms from the AEGIS database is about 11 employees, and the mean age of a firm is about 7 years.
- 4.
NIST is part of the US Department of Commerce. See: http://www.nist.gov/mep/about/index.cfm.
- 5.
Following Link and Maskin (2016), it can be shown theoretically that the expected net return to a company’s investment in in-house R&D will be greater if the company receives from an external source relevant information about the technology being developed. In the Link and Maskin model, the external source is NASA; in the case relevant to this paper, the external source would be an MEP-like organization.
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Hodges, N.J., Link, A.N. (2018). Prescriptions for Growth for US Textile and Apparel Firms. In: Knowledge-Intensive Entrepreneurship. International Studies in Entrepreneurship, vol 39. Springer, Cham. https://doi.org/10.1007/978-3-319-68777-3_10
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