We use a panel of European firms to investigate the relationship between intangible assets andproductivity. We distinguish between total factor productivity (tfp) and technology adoption,whereas standard estimations consider only a notion of productivity that conflates the twoeffects. Although we are unable to address simultaneity, we allow for the existence of multipletechnologies within sectors through a mixture model approach. We find that intangible assetshave nonnegligible effects that both push firms toward better technologies (technology adoptioneffects) and allow for more efficient exploitation of a given technology (tfp effects).

Belloc, F., Battisti, M., Del Gatto, M. (2015). Unbundling Technology Adoption and TFP at the Firm Level: Do Intangibles Matter?. JOURNAL OF ECONOMICS & MANAGEMENT STRATEGY, 24(2), 390-414 [10.1111/jems.12094].

Unbundling Technology Adoption and TFP at the Firm Level: Do Intangibles Matter?

Belloc, Filippo;
2015-01-01

Abstract

We use a panel of European firms to investigate the relationship between intangible assets andproductivity. We distinguish between total factor productivity (tfp) and technology adoption,whereas standard estimations consider only a notion of productivity that conflates the twoeffects. Although we are unable to address simultaneity, we allow for the existence of multipletechnologies within sectors through a mixture model approach. We find that intangible assetshave nonnegligible effects that both push firms toward better technologies (technology adoptioneffects) and allow for more efficient exploitation of a given technology (tfp effects).
Belloc, F., Battisti, M., Del Gatto, M. (2015). Unbundling Technology Adoption and TFP at the Firm Level: Do Intangibles Matter?. JOURNAL OF ECONOMICS & MANAGEMENT STRATEGY, 24(2), 390-414 [10.1111/jems.12094].
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11365/1064504