Search results for "jel:C29"

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

2012

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).

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
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