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This paper presents new calculations for the production and use of information and communications technology (ICT) in … Finland from 1975 to 2001. ICT-production has in the late 1990s had significant impacts on growth and labour productivity (LP …). As the increase in LP seems to have mushroomed only in the production of ICT, aggregate LP growth experienced a slowdown …
Persistent link: https://www.econbiz.de/10010285176
This paper investigates how different legal frameworks not only affect the amount of external financing available, but also the allocation of resources among different type of assets. Using a simple model, we show that a firm will get less financing, and thus invest less, in a weak law and order...
Persistent link: https://www.econbiz.de/10012740581
There is large evidence on a positive impact of information and communication technologies (ICT) on economic growth and … of ICT to growth and productivity in post-communist, transition economies. Data availability, consistency, and … framework, at estimating the contribution of investment in ICT to output growth and labor productivity in Poland, the largest …
Persistent link: https://www.econbiz.de/10014075713
This paper examines the impact of the New Economy on the relationship between corporate debt policy and firm investment opportunities. One distinctive feature of new economy firms is their high level of investment opportunities. We study whether the impact of investment opportunities on...
Persistent link: https://www.econbiz.de/10013093857
The sustained increase in productivity gains from the spread of ICTs may increase potential output growth in the medium to long term via capital deepening effects and total factor productivity (TFP) gains, and in the short to medium term via the lagged adjustment of wages to productivity gains....
Persistent link: https://www.econbiz.de/10005056498
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-inflation growth due to the large diffusion of information and communication technologies (ICT). This paper looks into Europe … which compares the diffusion of ICT in various European countries. Section V presents findings of several empirical studies … on productivity growth in Europe which look into the relation between ICT spending and labour productivity growth …
Persistent link: https://www.econbiz.de/10010504302