nep-tid New Economics Papers
on Technology and Industrial Dynamics
Issue of 2008‒07‒14
four papers chosen by
Rui Baptista
Technical University of Lisbon
  1. Industrial Development, Firm Dynamics and Patterns of Productivity Growth: The Case of the Cotton-spinning Industry in Prewar Japan, 1894-1924 By OKAZAKI Tetsuji
  2. Distance to Frontier and Appropriate Business Strategy By Alexander Coad
  3. Knowledge spillovers and the equilibrium location of vertically linked industries: the return of the black hole By Sylvain Barde
  4. Market Structure and Property Rights in Open Source Industries By Michele Boldrin; David K Levine
  1. By: OKAZAKI Tetsuji
    Abstract: This paper explores the relationship between patterns of productivity growth and the development stage of an industry, using firm-level data on the cotton-spinning industry in Japan in the late-nineteenth century. It is found that patterns of productivity growth depend on the development stage of the industry. In the earlier stage of industrial development, the productivity growth of each firm, namely the within effect, was the sole major source of aggregate productivity growth. On the other hand, once the industry had matured, resource reallocation across firms became a major source of aggregate productivity growth, along with the within effect. This relationship between patterns of productivity growth and the development stage of an industry is considered to reflect the stage-dependent patterns of innovation and competition.
    Date: 2008–07
    URL: http://d.repec.org/n?u=RePEc:eti:dpaper:08021&r=tid
  2. By: Alexander Coad
    Abstract: This paper is an empirical test of the hypothesis that the appropriateness of different business strategies is conditional on the firm's distance to the industry frontier. We use data on four 2-digit high-tech manufacturing industries in the US over the period 1972-1999, and apply semi-parametric quantile regressions to investigate the contribution of firm behavior to market value at various points of the conditional distribution of Tobin's q. Among our results, we observe that innovative activity, measured in terms of R&D expenditure or patents, has a strong positive association with market value at the upper quantiles (corresponding to the leader firms) whereas the innovative efforts of laggard firms are valued significantly less. Laggard firms, we suggest, should instead achieve productivity growth through efficient exploitation of existing technologies and imitation of industry leaders. Employment growth in leader firms is encouraged whereas growth of backward firms is not as well received on the stock market.
    Keywords: Distance to frontier, Strategy, Market value, Innovation, Firm Growth Length 37 pages
    JEL: D21 L21 L25 O31
    Date: 2008–06
    URL: http://d.repec.org/n?u=RePEc:esi:evopap:2008-07&r=tid
  3. By: Sylvain Barde (Observatoire Français des Conjonctures Économiques)
    Date: 2008
    URL: http://d.repec.org/n?u=RePEc:fce:doctra:0805&r=tid
  4. By: Michele Boldrin; David K Levine
    Date: 2008–07–10
    URL: http://d.repec.org/n?u=RePEc:cla:levarc:122247000000002269&r=tid
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