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Título

Firm Dynamics Support the Importance of the Embodied Question

AutorGabler, Alain; Licandro, Omar
Palabras claveEndogenous growth
Investment- specific technological change
Selection and imitation
Firm entry and exit
Fecha de publicación30-sep-2009
SerieUFAE and IAE Working Papers ; 782.09
ResumenThis paper contributes to the literature on both embodied technical progress and firm dynamics, by formulating an endogenous growth model where selection and imitation play a fundamental role in helping capital good producers to learn about the productivity of technologies embodied in new plants. By calibrating the model to some key aggregates particularly relevant for the embodied capital literature, among them the growth rate of the relative investment price, the model quantitatively replicates the main facts associated to firm dynamics, such as the entry rate and the tail index of the establishment size distribution. In line with the previous literature, it also predicts a contribution to productivity growth of embodied technical progress and selection of around 60%.
Descripción22 pages, 1 figure.
Versión del editorhttp://pareto.uab.es/wp/2009/78209.pdf
URIhttp://hdl.handle.net/10261/17724
Aparece en las colecciones: (IAE) Informes y documentos de trabajo
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