property (IP) capital, and traditional capital. I assume that the aggregate output is produced using labor and these three … capital, and traditional capital. The estimated elasticities of substitution between ICT and IP capital are strictly below one … for all sample countries implying gross complementarity. ICT and IP capital together are gross substitutes for labor while …

property (IP) capital, and traditional capital. I assume that the aggregate output is produced using labor and these three … capital, and traditional capital. The estimated elasticities of substitution between ICT and IP capital are strictly below one … for all sample countries implying gross complementarity. ICT and IP capital together are gross substitutes for labor while …