期刊
REVIEW OF INDUSTRIAL ORGANIZATION
卷 16, 期 4, 页码 327-342出版社
KLUWER ACADEMIC PUBL
DOI: 10.1023/A:1007800121100
关键词
high technology; multifactor productivity; profitability
This paper examines the impact of high technology on multifactor productivity and price-cost margins. Principal components obtained from five technology variables are related to multifactor productivity and price-cost margin. A negative and significant relationship between price-cost margin and high technology methods when industry effects are excluded, becomes insignificant in the industry effects specification. The price-cost margin equations suggest that prior findings of a negative relationship between profitability and high technology may result from omitting industry effects. For multifactor productivity, there is a positive impact from high technology regardless of whether the specification includes industry effects.
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