Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/94863
Authors: 
Eliasson, Gunnar
Year of Publication: 
1985
Series/Report no.: 
IUI Working Paper 138
Abstract: 
This paper presents statistical evidence on (1) the importance of 'soft' capital spending items like marketing and R&D investments, and (2) the dominant service content of production in the modern manufacturing firm. It pictures the firm as a dominantly information processing entity that has been gradually shifting its competitive base from process cost efficiency toward a product technology. The paper, hence, argues (3) that during the post-war period technical change has been gradually pivoting in a relatively more (hardware) capital saving direction.
Subjects: 
R&D investment
firm strategy
technological progress
manufacturing
JEL: 
L11
L16
L60
Document Type: 
Working Paper

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