Firm heterogeneity, technological adoption, and urbanization: FB3-5/2017-27E-PDF

theory and measurement /

"This paper develops a model of firm heterogeneity, technological adoption, and urbanization. In the model, welfare is measured by household real income, and urbanization is measured by population density. I use the model to derive statistics that measure the effect of a new technology on productivity, welfare, and urbanization. The empirical application of the paper estimates these effects using nineteenth-century firm-level data on mechanical steam power in the Canadian manufacturing sector, and township-level population data. The results indicate that the introducation of steam power increased productivity by 22.8 percent, and welfare by 6.0 percent. By comparing the model predicted change in urbanization to observed population density growth, I find that the introducation of mechanical steam power accounts for approximately 6.2 percent of the observed variation in urbanization during this period."--Abstract, p. ii.

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Department/Agency Bank of Canada.
Title Firm heterogeneity, technological adoption, and urbanization
Subtitle theory and measurement /
Series Title Bank of Canada staff working paper,
Publication Type Series - View Master Record
Language [English]
Format Electronic
Electronic Document

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Note "July 2017."
Date 2017.
Number of Pages ii, 34 p. :
Catalogue Number
  • FB3-5/2017-27E-PDF
Subject Terms Economy, Productivity