The role of specialized knowledge and ‘know-how’ for firm productivity: Evidence from the equine sector
利用瑞典马术企业2010-2022年的面板数据，研究发现员工的专业技能和工作经验能提升企业生产率，且这种效应在赛马企业比育种企业更明显。
Abstract Using matched employer–employee data, we examine how workforce knowledge characteristics relate to firm productivity in the equine sector. Using panel data on Swedish equine firms from 2010 to 2022, we construct measures of workforce composition, including occupation-specific education, accumulated work experience and knowledge diversity. The results show that access to occupation-specific human capital is positively associated with productivity, with substantial heterogeneity across firms. Knowledge effects are stronger among firms specializing in horse racing than in breeding, highlighting differences in the role of human capital across production orientations. The findings have implications for policy and firms’ investment decisions.