Industrial Robots, Factor Market Distortion, and Productivity
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DOI: 10.1002/mde.4422
Abstract: We find that robot adoption significantly increases firm‐level TFP, but factor market distortion hinders the promotion effect of robot adoption on firm‐level TFP. Mechanism analysis reveals that the cost‐saving and labor productivity improvements brought about… read more here.
Keywords: level tfp; market; firm level; factor market ... See more keywords