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The scale of production in technological revolutions Author info | Abstract | Publisher info | Download info | Related research | Statistics Matthew F. Mitchell
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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.
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Paper provided by Federal Reserve Bank of Minneapolis in its series Staff Report with number
269.
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Date of creation: 2000Date of revision:
Handle: RePEc:fip:fedmsr:269Contact details of provider: Postal: 90 Hennepin Avenue, P.O. Box 291, Minneapolis, MN 55480-0291 Phone: (612) 204-5000 Web page: http://minneapolisfed.org/ More information through EDIRC
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Keywords: Productivity ; References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
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Other versions:
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[Downloadable!]
Other versions:
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Other versions:
Greenwood, J. & Hercowitz, Z. & Krusell, P., 1996.
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460, University of Rochester - Center for Economic Research (RCER).
[Downloadable!]
Other versions:
Greenwood, J. & Jovanovic, B., 1999.
"The IT Revolution and the Stock Market ,"
Working Papers
99-02, C.V. Starr Center for Applied Economics, New York University.
[Downloadable!] Jeremy Greenwood & Boyan Jovanovic, 1999.
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[Downloadable!] (restricted)
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Matthew Mitchell, 2002.
"Technological Change and the Scale of Production ,"
Review of Economic Dynamics ,
Elsevier for the Society for Economic Dynamics, vol. 5(2), pages 477-488, April.
[Downloadable!] (restricted)
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