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Creator: Mitchell, Matt Series: Staff report (Federal Reserve Bank of Minneapolis. Research Department) Number: 269 Abstract:
Many manufacturing industries, including the computer industry, have seen large increases in productivity growth rates and have experienced a reduction in average establishment size and a decrease in the variance of the sizes of plants. A vintage capital model is introduced where learning increases productivity on any given technology and firms choose when to adopt a new vintage. In the model, a rise in the rate of technological change leads to a decrease in both the mean and variance of the size distribution.
Mot-clé: Technological Change, Plant Size, and Productivity Growth Assujettir: L11 - Production, Pricing, and Market Structure; Size Distribution of Firms, L60 - Industry Studies: Manufacturing: General, and O30 - Innovation; Research and Development; Technological Change; Intellectual Property Rights: General