The scale of production in technological revolutions

Matthew Mitchell

No 269, Staff Report from Federal Reserve Bank of Minneapolis

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 and a decrease in the variance of the sizes of plants. A vintage capital model is introduced where learning increases productivity on any given technology and firms choose when to adopt a new vintage. In the model, a rise in the rate of technological change leads to a decrease in both the mean and variance of the size distribution.

Keywords: Productivity (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (3)

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