Journal article
Institutions, holdup and automation
- Abstract:
- What drives investment in automation technologies? This paper documents a positive relationship between labor-friendly institutions and investment in industrial robots in a sample of advanced and developing economies. Institutions explain a substantial share of cross-country variation in automation. The relationship between institutions and robots is stronger in sunk cost-intensive industries, where producers are vulnerable to holdup. The result suggests that one reason for producers to invest in automation is to thwart rent appropriation by labor.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
Actions
Access Document
- Files:
-
-
(Preview, Accepted manuscript, pdf, 1.5MB, Terms of use)
-
- Publisher copy:
- 10.1093/icc/dtac060
Authors
- Publisher:
- Oxford University Press
- Journal:
- Industrial and Corporate Change More from this journal
- Volume:
- 32
- Issue:
- 4
- Pages:
- 831-847
- Publication date:
- 2023-01-10
- Acceptance date:
- 2022-11-25
- DOI:
- EISSN:
-
1464-3650
- ISSN:
-
0960-6491
- Language:
-
English
- Keywords:
- Pubs id:
-
1310757
- Local pid:
-
pubs:1310757
- Deposit date:
-
2022-11-30
- ARK identifier:
Terms of use
- Copyright holder:
- Giorgio Presidente
- Copyright date:
- 2023
- Rights statement:
- © The Author(s) 2023. Published by Oxford University Press in association with Oxford University Press and the Industrial and Corporate Change Association. All rights reserved.
- Notes:
- This is the accepted manuscript version of the article. The final version is available online from Oxford University Press at https://dx.doi.org/10.1093/icc/dtac060
If you are the owner of this record, you can report an update to it here: Report update to this record