The Scale of Production in Technological Revolutions

Many manufacturing industries, including the computer industry, have seen large increases in productivity growth rates and have experienced a reduction in average establishment size and a decrease in the variance of the sizes of plants. A vintage capital model is introduced where learning increases productivity on any given technology and firms choose when to adopt a new vintage. In the model, a rise in the rate of technological change leads to a decrease in both the mean and variance of the size distribution

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Year of publication:	2008
Authors:	Mitchell, Matthew F.
Publisher:	[S.l.] : SSRN
Subject:	Technischer Fortschritt \| Technological change \| Theorie \| Theory \| Produktivität \| Productivity \| Betriebsgröße \| Firm size \| Industrie \| Manufacturing industries \| Innovation
Description of contents:	Abstract [papers.ssrn.com]