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Discussion Paper

Structural Change Within versus Across Firms: Evidence from the United States

Published: June 2022
Researchers sought to understand the role of intangible capital in manufacturing firms' contribution to non-manufacturing employment growth.

Using data from firms' "auxiliary" establishments, researchers developed a measure of knowledge within firms that is associated with increased growth and industry switching. Their model assumes that firms combine physical and knowledge inputs as complements, and also assumes that in-house knowledge production provides advantages to firms and facilitaties structural transformation.

Abstract and Citation