6533b81ffe1ef96bd1277261

RESEARCH PRODUCT

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

Michele BattistiMassimo Del GattoFilippo Belloc

subject

Economics and Econometricintangible assetsSimultaneityfirm selectionTFP Intangible Assets Heterogeneity Firm Selection Technology Adoption Mixture Modelstechnology adoptionjel:D24jel:F12Strategy and Management1409 Tourism Leisure and Hospitality ManagementTFPjel:C29TFP intangible assets firm heterogeneity firm selection technology adoption mixture modelsfirm heterogeneityManagement of Technology and Innovationmixture models;tfp;intangible assets;firm heterogeneity;firm selection;technology adoptionEconomicsjel:O32Business Management and Accounting (all)Unbundlingmixture modelsSettore SECS-P/01 - Economia PoliticaProductivityTotal factor productivityIndustrial organization

description

We use a panel of European firms to investigate the relationship between intangible assets and productivity. We distinguish between total factor productivity (tfp) and technology adoption, whereas standard estimations consider only a notion of productivity that conflates the two effects. Although we are unable to address simultaneity, we allow for the existence of multiple technologies within sectors through a mixture model approach. We find that intangible assets have nonnegligible effects that both push firms toward better technologies (technology adoption effects) and allow for more efficient exploitation of a given technology (tfp effects).

yearjournalcountryeditionlanguage
2012-11-01
http://hdl.handle.net/11365/1064518