The Impact of High Tech Production Techniques on Productivity and Profitability in Selected U.S. Manufacturing Industries |
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Authors: | Amato Louis H Amato Christie H |
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Institution: | (1) University of North Carolina at Charlotte, 9201 University City Blvd., Charlotte, NC, 28223, U.S.A. |
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Abstract: | This paper examines the impact of high technology onmultifactor productivity and price-cost margins. Principal components obtained from five technologyvariables are related to multifactor productivityand price-cost margin. A negative and significantrelationship between price-cost margin and hightechnology methods when industry effects areexcluded, becomes insignificant in the industryeffects specification. The price-cost marginequations suggest that prior findings of a negativerelationship between profitability and hightechnology may result from omitting industryeffects. For multifactor productivity, there is apositive impact from high technology regardless ofwhether the specification includes industry effects. |
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Keywords: | High technology multifactor productivity profitability |
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