Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128668
Authors: 
Peneder, Michael
Year of Publication: 
1999
Series/Report no.: 
WIFO Working Papers 114
Abstract: 
Statistical cluster techniques are applied in the development of two new taxonomies of manufacturing industries. The first focuses on the distinction between exogenous, location dependent comparative cost advantages, such as the relative abundance of capital or labour, and endogenously created firm specific advantages resulting from intangible investments in marketing or innovation. The second taxonomy discriminates between industries according to their employment of skilled labour. Finally, econometric tests are used to investigate the presumed complementarity between intangible investments and human resources.
Subjects: 
Intangible investments
human resources
endogenous sunk costs
industry structure
statistical cluster analysis
JEL: 
L1
L6
M3
03
Document Type: 
Working Paper

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