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来源类型Working Paper
规范类型报告
DOI10.3386/w30127
来源IDWorking Paper 30127
Structural Change Within versus Across Firms: Evidence from the United States
Xiang Ding; Teresa C. Fort; Stephen J. Redding; Peter K. Schott
发表日期2022-06-13
出版年2022
语种英语
摘要We document the role of intangible capital in manufacturing firms' substantial contribution to non-manufacturing employment growth from 1977-2019. Exploiting data on firms' "auxiliary" establishments, we develop a novel measure of proprietary in-house knowledge and show that it is associated with increased growth and industry switching. We rationalize this reallocation in a model where firms combine physical and knowledge inputs as complements, and where producing the latter in-house confers a sector-neutral productivity advantage facilitating within-firm structural transformation. Consistent with the model, manufacturing firms with auxiliary employment pivot towards services in response to a plausibly exogenous decline in their physical input prices.
主题Microeconomics ; Households and Firms ; International Economics ; Trade ; Industrial Organization ; Market Structure and Firm Performance ; Development and Growth ; Growth and Productivity
URLhttps://www.nber.org/papers/w30127
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/587799
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Xiang Ding,Teresa C. Fort,Stephen J. Redding,et al. Structural Change Within versus Across Firms: Evidence from the United States. 2022.
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