Information Technology, Capital Structure and the Nature of Technical Change

Gunnar Eliasson
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Gunnar Eliasson: Research Institute of Industrial Economics (IFN)

No 138, Working Paper Series from Research Institute of Industrial Economics

Abstract: This paper presents statistical evidence on (1) the importance of "soft" capital spending items like marketing and R&D investments, and (2) the dominant service content of production in the modern manufacturing firm. It pictures the firm as a dominantly information processing entity that has been gradually shifting its competitive base from process cost efficiency toward a product technology. The paper, hence, argues (3) that during the post-war period technical change has been gradually pivoting in a relatively more (hardware) capital saving direction.

Keywords: R&D investment; firm strategy; technological progress; manufacturing (search for similar items in EconPapers)
JEL-codes: L11 L16 L60 (search for similar items in EconPapers)
Pages: 56 pages
Date: 1985-04
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Citations: View citations in EconPapers (1)

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