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| Author: | Olley, S. Pakes, A. |
| Title: | The dynamics of productivity in the telecommunications equipment industry |
| Journal: | Econometrica
1996 : NOV, VOL. 64:6, p. 1263-1297 |
| Index terms: | TELECOMMUNICATIONS INDUSTRY DEREGULATION PRODUCTIVITY USA TECHNOLOGICAL CHANGE |
| Language: | eng |
| Abstract: | Technological change and deregulation have caused a major restructuring of the telecommunications equipment industry over the last two decades. The authors' empirical focus is on estimating the parameters of a production function for the equipment industry, and then using those estimates to analyze the evolution of plant-level productivity. The restructuring involved significant entry and exit and large changes in the sizes of incumbents. Firms' choices on whether to liquidate, and on input quantities should they continue, depended on their productivity. |
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