Manufacturing-plant closures: a dynamic survival model.

In this paper the phenomenon of industrial closures among new plants which commenced production in Ireland between 1973 and 1981 is analysed. A major aim of the research is to develop a dynamic survival model of industrial plant closure which permits the introduction of time-constant and time-varying covariates. Results indicate that there is no duration-of-stay effect; that new British-owned branches are highly vulnerable; that grant aid reduces the chances of early closure; and that new clothing and footwear plants are more likely to close than are plants in other sectors. -Authors