Intangible resources and technology adoption in manufacturing firms |
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| Authors: | Jaime Gómez Pilar Vargas |
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| Institution: | Universidad de La Rioja, Departamento de Economía y Empresa, Edificio Quintiliano, Cigüeña 60, 26004 Logroño (La Rioja), Spain |
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| Abstract: | Our objective in this paper is to analyse the determinants of the use of advanced manufacturing technologies in manufacturing firms. We go beyond more traditional approaches and consider the role of complementarities in technology adoption at two levels. First, we adapt Teece's (1986) framework to study the incentives to use new technology that stem from investments in R&D, human capital and advertising. Second, we analyse whether technology use is conditioned by a system effect that arises from the use of related technologies. We test our hypotheses on a representative sample of manufacturing firms in Spain. Our results fully support the idea that R&D investments increase the likelihood of technology use, but only offer partial support for human capital and advertising investments. Export intensity, being part of a business group and epidemic effects are also important determinants of adoption. |
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| Keywords: | Intangibles Technology adoption Diffusion Complementarities |
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