Business Networks, Production Chains, and Productivity∗
Business Networks, Production Chains, and Productivity∗
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商业网络、生产链和生产力*
DOI:
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发表时间:
2011
期刊:
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通讯作者:
E. Oberfield
中科院分区:
文献类型:
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作者:
E. Oberfield
This paper studies an analytically tractable model of the formation and evolution of chains of production. Over time, entrepreneurs accumulate techniques to produce their good using goods produced by other entrepreneurs and labor as inputs. The value of a technique depends on both the productivity embodied in the technique and the cost of the particular input; when producing, each entrepreneur selects the technique that delivers the best combination. The collection of known production techniques form a dynamic network of potential chains of production: the input-output architecture of the economy. The model delivers a rich microstructure of firm level shocks and interactions as firms discover new techniques and switch suppliers in response to changes in input prices. Changes in a firm’s marginal cost depend on shocks along its many potential supply chains, and a firm expands as other entrepreneurs find ways to use the firm’s output as an intermediate input. Dispersion across firms in the rate which links are formed can have large consequences for aggregate output, as this determines how cost savings from newly discovered techniques diffuse through the network.