00000nam 2200000za 4500 9.842763 CaOODSP 20250501123156 cr ||||||||||| 170831s2017 oncd ob f000 0 eng d CaOODSP eng eng fre n-cn--- FB3-5/2017-27E-PDF Chernoff, Alexander W. Firm heterogeneity, technological adoption, and urbanization [electronic resource] : theory and measurement / by Alex W. Chernoff. [Ottawa] : Bank of Canada, 2017. ii, 34 p. : charts. Bank of Canada staff working paper, 1701-9397 ; 2017-27 "July 2017." Includes bibliographical references. "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. Includes abstract in French. gccst Economy gccst Productivity Bank of Canada. Staff working paper (Bank of Canada) 1701-9397 ; 2017-27 (CaOODSP)9.806221 PDF 1.33 MB https://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-5-2017-27-eng.pdf