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

TitleUnbundling technology adoption and tfp at the firm level. Do intangibles matter?
Publication TypeWorking Paper
Year of Publication2012
AuthorsM. Battisti, F. Belloc, M. Del Gatto
Number2012_33
Keywordsfirm heterogeneity, firm selection, intangible assets, mixture models, technology adoption, tfp
Abstract

We use a panel of European firms to investigate the relationship between intangible assets and productivity. We disentangle between tfp and technology adoption, while available studies so far have considered only a notion of productivity conflating the two effects. To this aim, we estimate production function parameters allowing, within each sector, for the existence of multiple technologies. We find that intangible assets both push the firm towards better technologies (technology adoption effects) and allow for a more efficient exploitation of a given technology (tfp effects).

Citation Key3840
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