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Unbundling technology adoption and tfp at the firm level. Do intangibles matter?

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  • M. Battisti
  • F. Belloc
  • M. Del Gatto

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Abstract

We use a panel of European firms to investigate the relationship between intangible assets and productivity. We disentangle between tfp and technology adoption, while available studies so far have considered only a notion of productivity conflating the two effects. To this aim, we estimate production function parameters allowing, within each sector, for the existence of multiple technologies. We find that intangible assets both push the firm towards better technologies (technology adoption effects) and allow for a more efficient exploitation of a given technology (tfp effects).

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Bibliographic Info

Paper provided by Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia in its series Working Paper CRENoS with number 201233.

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Date of creation: 2012
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Handle: RePEc:cns:cnscwp:201233

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Keywords: tfp; intangible assets; firm heterogeneity; firm selection; technology adoption; mixture models;

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