Laggard firms, technology diffusion and its structural and policy determinants:
This paper provides new evidence on the main characteristics of laggard firms - firms in the bottom 40% of the productivity distribution - and their potential for productivity growth. It finds that laggards are on average younger and smaller than more productive firms, and matter for aggregate resou...
Gespeichert in:
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| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2020
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| Schriftenreihe: | OECD Science, Technology and Industry Policy Papers
no.86 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper provides new evidence on the main characteristics of laggard firms - firms in the bottom 40% of the productivity distribution - and their potential for productivity growth. It finds that laggards are on average younger and smaller than more productive firms, and matter for aggregate resource reallocation. Moreover, younger laggards converge faster toward the productivity frontier, suggesting that the composition of the laggard group matters for future productivity. Yet this report finds that laggards converge at a slower rate in highly digital- and skill-intensive industries, suggesting that there are barriers to technology and knowledge diffusion. This could help explain the much-debated productivity slowdown and the increased productivity dispersion. This report also finds that policies aimed at improving workers' skills, alleviating financial constraints to investments and increasing firms' absorptive capacity through direct R&D support can accelerate the diffusion of knowledge and technology, and help laggard firms to catch up. |
| Beschreibung: | 1 Online-Ressource (91 p.) |
| DOI: | 10.1787/281bd7a9-en |
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| spelling | Berlingieri, Giuseppe VerfasserIn aut Laggard firms, technology diffusion and its structural and policy determinants Giuseppe, Berlingieri ... [et al] Paris OECD Publishing 2020 1 Online-Ressource (91 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Science, Technology and Industry Policy Papers no.86 This paper provides new evidence on the main characteristics of laggard firms - firms in the bottom 40% of the productivity distribution - and their potential for productivity growth. It finds that laggards are on average younger and smaller than more productive firms, and matter for aggregate resource reallocation. Moreover, younger laggards converge faster toward the productivity frontier, suggesting that the composition of the laggard group matters for future productivity. Yet this report finds that laggards converge at a slower rate in highly digital- and skill-intensive industries, suggesting that there are barriers to technology and knowledge diffusion. This could help explain the much-debated productivity slowdown and the increased productivity dispersion. This report also finds that policies aimed at improving workers' skills, alleviating financial constraints to investments and increasing firms' absorptive capacity through direct R&D support can accelerate the diffusion of knowledge and technology, and help laggard firms to catch up. Science and Technology Calligaris, Sara MitwirkendeR ctb Criscuolo, Chiara MitwirkendeR ctb Verlhac, Rudy MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/281bd7a9-en Volltext |
| spellingShingle | Berlingieri, Giuseppe Laggard firms, technology diffusion and its structural and policy determinants Science and Technology |
| title | Laggard firms, technology diffusion and its structural and policy determinants |
| title_auth | Laggard firms, technology diffusion and its structural and policy determinants |
| title_exact_search | Laggard firms, technology diffusion and its structural and policy determinants |
| title_full | Laggard firms, technology diffusion and its structural and policy determinants Giuseppe, Berlingieri ... [et al] |
| title_fullStr | Laggard firms, technology diffusion and its structural and policy determinants Giuseppe, Berlingieri ... [et al] |
| title_full_unstemmed | Laggard firms, technology diffusion and its structural and policy determinants Giuseppe, Berlingieri ... [et al] |
| title_short | Laggard firms, technology diffusion and its structural and policy determinants |
| title_sort | laggard firms technology diffusion and its structural and policy determinants |
| topic | Science and Technology |
| topic_facet | Science and Technology |
| url | https://doi.org/10.1787/281bd7a9-en |
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