Industrial Robots and Firm Productivity

Duan, Dingyun; Chen, Shaojian; Zhu, Feng; Li, Jun

doi:10.2139/ssrn.4230117

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“…Productivity growth across the globe has reaped the benefits from new technologies, including automation, mechanization, digitalization, e-commerce, robotization, and information technology, such as software and computerized information (Liu et al 2013;Staccioli and Virgillito 2021;Alguacil et al 2022;Zhang and Dong 2023;Nucci et al 2023;Duan et al 2023). The fourth industrial revolution has brought about digitalization and automation of the economy (Braña 2019).…”

Section: Introductionmentioning

confidence: 99%

Multifactor productivity growth enhancers across industries and countries: firm-level evidence

Nakatani

2024

Eurasian Bus Rev

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Multifactor productivity (MFP) growth is an imperative economic engine. MFP dynamism across five advanced and seven developing countries from 1996 to 2015 is analyzed, elucidating its association with financing and intangible assets. Debt is manifested by its inverted U-shaped nonlinear relationship with MFP advancement, while corporate cash holdings are negatively (positively) associated with MFP development in five (three) countries. The heterogeneous relationships between intangible assets and MFP growth are identified across industries, countries, and time; intangible assets are requisite MFP growth enhancers for manufacturing in developing countries, for service businesses in advanced countries, and for the period after the global financial crisis. The greater the productivity effect of intangible assets is, the higher a country's per-capita income and/or governance quality becomes. Additionally, the results evince the catching-up of MFP to the technological frontier. Moreover, older firms exhibit slower MFP growth than their peers, whilst the positive effects of firm size on MFP growth are larger in high-tech and knowledgeintensive industries.

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Section: Introductionmentioning

confidence: 99%

Multifactor productivity growth enhancers across industries and countries: firm-level evidence

Nakatani

2024

Eurasian Bus Rev

View full text Add to dashboard Cite

show abstract

Industrial Robots and Firm Productivity

Cited by 1 publication

References 0 publications

Multifactor productivity growth enhancers across industries and countries: firm-level evidence

Multifactor productivity growth enhancers across industries and countries: firm-level evidence

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