Jalava, Jukka; Kavonius, Ilja Kristian - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2008
The purpose of this paper is to estimate the effect of durable goods and ICT on Euro Area economic growth and productivity change; when expenditure on consumer durables is recorded as capital investment. The capitalization of consumer durables impacts both the levels and growth rates of the...