Information Technology and Returns to Scale

被引：4

作者：

Lashkari, Danial ^{[1
]}

Bauer, Arthur ^{[2
]}

Boussard, Jocelyn ^{[2
]}

机构：

[1] Fed Reserve Bank New York, New York, NY 10045 USA

[2] CREST ENSAE, Palaiseau, France

来源：

AMERICAN ECONOMIC REVIEW | 2024年 / 114卷 / 06期

关键词：

UNITED-STATES; LABOR SHARE; PRODUCTIVITY; ORGANIZATION; ELASTICITY; COMPUTERS; KNOWLEDGE; DECLINE; DEMAND; GROWTH;

D O I：

10.1257/aer.20220522

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

What are the implications of the dramatic fall in IT prices for aggregate technology? When firm-level technologies are continuously differentiable , a factor price shock leads to ( i ) a substitution between factors and / or ( ii ) an endogenous response of returns to scale. The second channel is governed by the output elasticity of relative factor demand. Using detailed firm-level data from France , we estimate this elasticity to be positive for IT factor demand. A quantitative exercise accounting for both technological channels shows that falling IT prices can explain much of the changes in concentration and the composition of aggregate labor share in France.

引用

页码：1815 / 1815

页数：1

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