Technological Change and the Scale of Production |
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| Affiliation: | 1. Universidad de la Costa (CUC), Calle 58#55-66, Dept Ciencias Empresariales, Montecristo, 080002, Barranquilla, Colombia;2. Institución Universitaria de Barranquilla, IUB, Cra 45 #48-31, Fac. Ciencias Econ. y Administrativas, Montecristo, 080002, Barranquilla, Colombia;3. Corporación Universitaria Americana, Calle 72 #41C-64, Dept Ciencias Empresariales, Montecristo, 08000, Barranquilla, Colombia;1. Department of International Economics and Business, School of Economics, Xiamen University, Xiamen 361005, Fujian, China;2. The Wang Yanan Institute for Studies in Economics, Xiamen University, Xiamen 361005, Fujian, China;1. School of Management, Heilongjiang University of Science and Technology, 150022, China;2. School of Economics and Management, Shanghai Ocean University, Shanghai, 201306, PR China;1. Antai College of Economics and Management, Shanghai Jiao Tong University, Shanghai 200030, China;2. Sino-US Global Logistics Institute, Shanghai Jiao Tong University, Shanghai 200030, China;3. College of Engineering, Louisiana State University, Baton Rouge, LA 70803, USA |
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| Abstract: | Many manufacturing industries, including the computer industry, have seen large increases in productivity growth rates and have experienced a reduction in average establishment size. A vintage capital model is introduced which can account for this fact. It is shown that a rise in the rate of technological change decreases average plant size; that is, the level of innovation affects firm size. Smaller plants are not more innovative, as has been suggested, but industries with more innovation, as measured by productivity growth, have smaller plants. Journal of Economic Literature Classification Numbers: D2, O3. |
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