000			01194nam a22001457a 4500
999			_c527487 _d527487
008			240902b ||||| |||| 00| 0 eng d
100			_aLashkari, Danial Bauer, Arthur and Boussard, Jocelyn _957695
245			_aInformation technology and returns to scale
260			_aThe American Economic Review
300			_a114(6),Jun, 2024: p.1769-1815
520			_aWhat are the implications of the dramatic fall in IT prices for aggregate technology? When firm-level technologies are continuously differentiable, a factor price shock leads to (i) a substitution between factors and/or (ii) an endogenous response of returns to scale. The second channel is governed by the output elasticity of relative factor demand. Using detailed firm-level data from France, we estimate this elasticity to be positive for IT factor demand. A quantitative exercise accounting for both technological channels shows that falling IT prices can explain much of the changes in concentration and the composition of aggregate labor share in France.- Reproduced https://www.aeaweb.org/articles?id=10.1257/aer.20220522
773			_aThe American Economic Review
906			_aINFORMATION TECHNOLOGY
942			_cAR