The Dynamics of Productivity in the Telecommunications Equipment Industry
电信设备行业的生产率动态
Technological change and deregulation have caused a major restructuring telecommunications equipment industry over the last two decades. Our empirical focus is on estimating the parameters of a production function for the equipment industry, and then using those estimates to analyze the evolution of plant-level productivity. The restructuring involved significant entry and exit and large changes in the sizes of incumbents. This generates a selection and a simultaneity…