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dc.contributor.authorGABLER, Alain
dc.contributor.authorLICANDRO, Omar
dc.date.accessioned2009-10-12T14:40:10Z
dc.date.available2009-10-12T14:40:10Z
dc.date.issued2009
dc.identifier.issn1725-6704
dc.identifier.urihttps://hdl.handle.net/1814/12677
dc.description.abstractThis paper contributes to the literature on both embodied technical progress and firm dynamics, by formulating an endogenous growth model where selection and imitation play a fundamental role in helping capital good producers to learn about the productivity of technologies embodied in new plants. By calibrating the model to some key aggregates particularly relevant for the embodied capital literature, among them the growth rate of the relative investment price, the model quantitatively replicates the main facts associated to firm dynamics, such as the entry rate and the tail index of the establishment size distribution. In line with the previous literature, it also predicts a contribution to productivity growth of embodied technical progress and selection of around 60%en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseriesEUI ECOen
dc.relation.ispartofseries2009/35en
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectB52en
dc.subjectO3en
dc.subjectO41en
dc.subjectendogenous growthen
dc.subjectinvestmentspecific technological changeen
dc.subjectselection and imitationen
dc.subjectfirm entry and exiten
dc.titleFirm Dynamics Support the Importance of the Embodied Questionen
dc.typeWorking Paperen
dc.neeo.contributorGABLER|Alain|aut|
dc.neeo.contributorLICANDRO|Omar|aut|EUI70006
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