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Information Technology, Capital Structure and the Nature of Technical Change

Author

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  • Eliasson, Gunnar

    (Research Institute of Industrial Economics (IFN))

Abstract

This paper presents statistical evidence on (1) the importance of "soft" capital spending items like marketing and R&D investments, and (2) the dominant service content of production in the modern manufacturing firm. It pictures the firm as a dominantly information processing entity that has been gradually shifting its competitive base from process cost efficiency toward a product technology. The paper, hence, argues (3) that during the post-war period technical change has been gradually pivoting in a relatively more (hardware) capital saving direction.

Suggested Citation

  • Eliasson, Gunnar, 1985. "Information Technology, Capital Structure and the Nature of Technical Change," Working Paper Series 138, Research Institute of Industrial Economics.
  • Handle: RePEc:hhs:iuiwop:0138
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    File URL: http://www.ifn.se/wfiles/wp/wp138.pdf
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    More about this item

    Keywords

    R&D investment; firm strategy; technological progress; manufacturing;

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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