The Scale of Production in Technological Revolutions

Creator

• Mitchell, Matt

Series

• Staff report (Federal Reserve Bank of Minneapolis. Research Department)

Issue number

• 269

Date Created

• 2000-04

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.

Subject (JEL)

• L60 - Industry Studies: Manufacturing: General
• O30 - Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
• L11 - Production, Pricing, and Market Structure; Size Distribution of Firms

Mot-clé

• Productivity Growth
• Plant Size
• Technological Change

Corporate Author

• Federal Reserve Bank of Minneapolis. Research Department

Publisher

• Federal Reserve Bank of Minneapolis

Resource type

• Research Paper

DOI

•  https://doi.org/10.21034/sr.269

License

• Creative Commons BY-NC Attribution-NonCommercial 4.0 International

Des relations

Dans Collection:

• Staff Reports

Dernière modification

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