Last but not least: laggard firms, technology diffusion, and its structural and policy determinants

Giuseppe Berlingieri, Sara Calligaris, Chiara Criscuolo and Rudy Verlhac

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Using a unique microaggregated data set on firm-level productivity in 13 countries from 1995 to 2014, this article provides new evidence on technology- and knowledge-diffusion barriers for laggard firms. We show that, although the least productive firms benefit from a catch-up effect, their speed of catchup is lower in digital- and skill-intensive industries. This is especially true in countries with high skill mismatch, high financing frictions, and low absorptive capacity. These barriers to diffusion, combined with the rising importance of tacit knowledge and intangibles, could help explain the productivity growth slowdown observed in the last decades.

JEL-codes: D24 L25 O33 O47 (search for similar items in EconPapers)
Date: 2024-11-19
New Economics Papers: this item is included in nep-eff, nep-ino and nep-sbm
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Published in International Economic Review, 19, November, 2024. ISSN: 0020-6598

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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:126229

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