Unbundling Technology Adoption and tfp at the Firm Level: Do Intangibles Matter?
- Autori: Battisti, M.; Belloc, F.; Del Gatto, M.
- Anno di pubblicazione: 2015
- Tipologia: Articolo in rivista (Articolo in rivista)
- Parole Chiave: Economics and Econometrics; Management of Technology and Innovation; Strategy and Management1409 Tourism, Leisure and Hospitality Management; Business, Management and Accounting (all)
- OA Link: http://hdl.handle.net/10447/146072
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).