| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15080 |
| DP15080 Robots and the rise of European superstar firms | |
| Joel Stiebale; Nicole Woessner | |
| 发表日期 | 2020-07-22 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We study the impact of a recent digital automation technology - industrial robotics - on the distribution of sales, productivity, markups, and profits within industries. Our empirical analysis combines data on the industry-level stock of industrial robots with firms' balance sheet data for six European countries from 2004 to 2013. We find that robots dis-proportionally raise productivity in those firms that are already most productive to begin with. Those firms are able to increase their markups and overall profits, while they tend to decline for less profitable firms within the same industry, country and year. We also show that robots contribute to the falling aggregate labor income share through a rising concentration of industry sales in highly productive firms with low firm-specific labor shares. In sum, our paper suggests that robots boost the emergence of superstar firms within European manufacturing, and thereby shifts the functional income distribution away from wages and towards profits. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Automation robots Productivity Markups Labor share Superstar firms |
| URL | https://cepr.org/publications/dp15080 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544036 |
| 推荐引用方式 GB/T 7714 | Joel Stiebale,Nicole Woessner. DP15080 Robots and the rise of European superstar firms. 2020. |
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