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Knowledge and Productivity in the World's Largest Manufacturing Corporations

  • Lionel Nesta

    (OFCE)

This paper examines the relationship between the characteristics of firm knowledge in terms of capital, diversity and relatedness, and productivity. Panel data regression models suggest that unlike knowledge diversity, knowledge capital and knowledge relatedness explain a substantial share of the variance of firm productivity. Activities based on a related set of technological knowledge are more productive than those based on unrelated knowledge because the cost of co-ordinating productive activities decreases as the knowledge used in these activities is being integrated efficiently. The impact of knowledge relatedness on productivity in hightechnology sectors is higher than in other sectors.

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Paper provided by Sciences Po in its series Sciences Po publications with number 2005-17.

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Date of creation: Nov 2005
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Handle: RePEc:spo:wpmain:info:hdl:2441/7187
Contact details of provider: Web page: http://www.sciencespo.fr/

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