Learning by Doing and Spillovers: Evidence from Firm-Level Panel Data

Learning by Doing and Spillovers: Evidence from Firm-Level Panel Data In this paper we extend the Bahk and Gort (1993) (Journal of Political Economy, 101, 561–583) approach of testing for the impact of learning by doing (LBD) on firm productivity using data on a panel of Spanish manufacturing firms. Specifically, we show that support for firm specific LBD and spillovers from sector-wide LBD seems to hinge crucially on the econometric methodology, and hence the underlying assumptions, employed. Once potential biases due to unobserved time invariant firm specific effects and endogeneity are taken account of, there is only support for spillovers from sector-wide LBD. Moreover, results depend on the definition of LBD employed. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Learning by Doing and Spillovers: Evidence from Firm-Level Panel Data

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 2004 by Kluwer Academic Publishers
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-004-3536-y
Publisher site
See Article on Publisher Site

Abstract

In this paper we extend the Bahk and Gort (1993) (Journal of Political Economy, 101, 561–583) approach of testing for the impact of learning by doing (LBD) on firm productivity using data on a panel of Spanish manufacturing firms. Specifically, we show that support for firm specific LBD and spillovers from sector-wide LBD seems to hinge crucially on the econometric methodology, and hence the underlying assumptions, employed. Once potential biases due to unobserved time invariant firm specific effects and endogeneity are taken account of, there is only support for spillovers from sector-wide LBD. Moreover, results depend on the definition of LBD employed.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Dec 30, 2004

References

  • Another Look at the Instrumental-Variable Estimation of Error Components Models
    Arellano, M.; Bover, O.

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