haku: @indexterm LEARNING CURVES / yhteensä: 79
viite: 14 / 79
| Tekijä: | Knelow, P. |
| Otsikko: | Learning curves and the cyclical behavior of manufacturing industries |
| Lehti: | Review of Economic Dynamics
1998 : APR, VOL. 1:2, p. 531-550 |
| Asiasana: | ECONOMIC DYNAMICS LEARNING CURVES MANUFACTURING INDUSTRY |
| Kieli: | eng |
| Tiivistelmä: | Building on evidence that (a) productivity growth from learning by doing diminishes as experience accumulates with a technology and (b) learning by doing is largely specific to each production technology, this paper models a firm's decision of when to update its technology. The model implies that technology updates endogenously bring large drops in productivity. The model also implies that technology updates are more likely in a boom than in a recession. |
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