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

50 Pages Posted: 17 Jan 2013  

Michele Battisti

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute

Filippo Belloc

University of Chieti-Pescara - Department of Economic Studies

Massimo Del Gatto

CRENOS - Centre for North South Economic Research; 'Gabriele d'Annunzio' University of Chieti-Pescara - Faculty of Economics

Date Written: January 17, 2013

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).

Keywords: tfp, intangible assets, heterogeneity, firm selection, technology adoption, mixture models

JEL Classification: C29, D24, F12, O32

Suggested Citation

Battisti, Michele and Belloc, Filippo and Del Gatto, Massimo, Unbundling Technology Adoption and TFP at the Firm Level - Do Intangibles Matter? (January 17, 2013). FEEM Working Paper No. 98.2012. Available at SSRN: https://ssrn.com/abstract=2202046 or http://dx.doi.org/10.2139/ssrn.2202046

Michele Battisti

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute ( email )

Poschinger Str. 5
Munich, 01069
Germany

Filippo Belloc

University of Chieti-Pescara - Department of Economic Studies ( email )

Viale Pindaro 42
Pescara, Pescara 65127 - I
Italy

Massimo Del Gatto (Contact Author)

CRENOS - Centre for North South Economic Research ( email )

Cagliari
Italy

'Gabriele d'Annunzio' University of Chieti-Pescara - Faculty of Economics ( email )

Faculty of Economics - Department of Economics
Viale Pindaro, 42
Pescara, 65127
Italy

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