Robot Imports and Firm-Level Outcomes
Alessandra Bonfiglioli (),
Harald Fadinger and
Gino Gancia ()
No 14593, CEPR Discussion Papers from C.E.P.R. Discussion Papers
We use French data over the period 1994-2013 to study how imports of industrial robots affect firm-level outcomes. Compared to other firms operating in the same 5-digit sector, robot importers are larger, more productive, and employ a higher share of managers and engineers. Over time, robot import occurs after periods of expansion in firm size, and is followed by improvements in efficiency and a fall in demand for labor. Guided by a simple model, we then develop various empirical strategies to identify the causal effects of robot adoption. Our results suggest that, while demand shocks generate a positive correlation between robot imports and employment, exogenous changes in automation lead to job losses. We also find that robot imports increase sales per worker and the employment share of high-skill professions, but have a weak effect on total sales. The latter result suggests that productivity gains from automation may not be entirely passed on to consumers in the form of lower prices.
Keywords: automation; Displacement; firms; robots (search for similar items in EconPapers)
JEL-codes: D22 J23 J24 O33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-eur, nep-hrm and nep-tid
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