Technological Change and the Scale of Production
AbstractMany manufacturing industries, including the computer industry, have seen large increases in productivity grwoth rates and have experienced a reduction in average establishment size. A vintage capital model is introduced which can account for this fact. It is shown that a rise in the rate of technological change decreases average plant size, that is, the level of innovation affects fim soze. Smaller plants are not more innovative, as has been suggested, but indutries with more innovation, as measured by productivity growth, have smaller plants. (Copyright: Elsevier)
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Bibliographic InfoArticle provided by Elsevier for the Society for Economic Dynamics in its journal Review of Economic Dynamics.
Volume (Year): 5 (2002)
Issue (Month): 2 (April)
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Find related papers by JEL classification:
- D2 - Microeconomics - - Production and Organizations
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
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