Template-type: ReDIF-Paper 1.0
Author-Name: Antonelli Cristiano
Author-Email: cristiano.antonelli@unito.it
Author-Name: Colombelli Alessandra
Author-Email: alessandra.colombelli@brick.carloalberto.org 
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.est.unito.it/
Title: The microeconomics of directed technological change.The evidence at the firm level
Abstract:This paper aims at exploring the determinants of the direction of
technological change at the firm level of analysis. Following the localized
technological change approach, we suggest that firms will respond to
change in factor market costs by introducing neutral or biased
technological changes according to their innovation and knowledge
generation related attributes. In the empirical analysis we use a panel of
1113 companies listed on UK and the main continental Europe financial
markets (Germany, France and Italy) for the period 1995-2003. We find
that small firms, relying more on tacit knowledge than on formal research
and development activities, and less able to appropriate the benefits of
their technological innovations are more likely to introduce biased
technological change in order to make a more intensive use of the factor
that has become more abundant
Length: 25 pages
Creation-Date: 2010-07
File-URL: http://www.est.unito.it/do/home.pl/Download?doc=/allegati_wp/wp2010dip_l_b/12_wp_momigliano.pdf
File-Format: Application/PDF
Handle: RePEc:uto:labeco:201012