Exploring the complementarity between foreign technology, embedded technology and increase of productive capacity
| Autor: | Mercedes Vila-Alonso, Manuel Guisado-González, Jennifer González-Blanco |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
productivity
HF5001-6182 Maximum likelihood complementarity approach 05 social sciences Foreign technology Productive capacity Economic growth development planning foreign technology Random effects model embedded technology Complementarity (physics) Embedded technology 0502 economics and business HD72-88 Business productive capacity 050207 economics License 050203 business & management Finance Industrial organization Panel data |
| Zdroj: | Technological and Economic Development of Economy, Vol 25, Iss 1 (2019) Technological and Economic Development of Economy; Vol 25 No 1 (2019); 39-58 |
| ISSN: | 2029-4921 2029-4913 |
| Popis: | This study analyzes the complementarity of foreign technology acquired under license agreements, technology embedded in machinery and equipment and increase in a company’s productive capacity. We use panel data on Brazilian manufacturing companies from the World Bank Surveys. We used the random effects models, estimated by maximum likelihood. The results indicate that foreign technology, embedded technology and increase of productive capacity have a positive and significant impact on labor productivity. The complementarity test reveals that the relationship between the two technologies analyzed is conditionally substitutive and that the relationship between each of these technologies and increase of productive capacity is conditionally complementary. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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