Embodied technological progress, technology-related producer inputs, and regional factors in a firm-level model of growth

摘要: Abstract This paper employs a micro-based model using firm-level data to estimate the importance of embodied technological progress, technology-related producer inputs, and regional factors for production growth in computer-electronics sector. We ordinary least squares with different specifications test returns-to-scale. Parameter values are used contribution several groups inputs output growth. Mostly, signs magnitudes empirical results conform expectations. In addition, R&D investments significantly affects Moreover, firms' decision keep their capital stock young by replacing older equipment frequently contributes growth, largely because there is negative relationship between level technology age capital. Similarly, labor, at terms increases educational attainment (but not experience) professionals, Finally, improvements regions' ‘milieu’—particularly levels consumer services amenities—affects Our measure agglomeration economies (incorporating spillovers localization effects) appears exert influence on signifying that congestion other diseconomies associated sector size given region more than offset impulse this sample. Growth does seem affect though presumably does.