LAST BUT NOT LEAST: LAGGARD FIRMS, TECHNOLOGY DIFFUSION, AND ITS STRUCTURAL AND POLICY DETERMINANTS
利用13个国家1995-2014年的企业生产率数据，研究发现落后企业虽存在追赶效应，但在数字和技能密集型行业中追赶速度更慢，尤其在技能错配、融资摩擦高和吸收能力低的国家，这有助于解释近年生产率增长放缓。
Abstract Using a unique microaggregated data set on firm‐level productivity in 13 countries from 1995 to 2014, this article provides new evidence on technology‐ and knowledge‐diffusion barriers for laggard firms. We show that, although the least productive firms benefit from a catch‐up effect, their speed of catchup is lower in digital‐ and skill‐intensive industries. This is especially true in countries with high skill mismatch, high financing frictions, and low absorptive capacity. These barriers to diffusion, combined with the rising importance of tacit knowledge and intangibles, could help explain the productivity growth slowdown observed in the last decades.