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Do Computers Call for Training? Firm-level Evidence on Complementarities Between ICT and Human Capital Investments

Hempell, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003

This paper explores whether investments in information and communication technologies (ICT) and firm?sponsored training programmes are complementary. Three approaches are applied to panel data from German service companies for the time period 1994?98. Results for a system of interrelated factor...

Persistent link: https://www.econbiz.de/10005097535

ICT, Innovation and Business Performance in Services: Evidence for Germany and the Netherlands

van der Wiel, Henry; van Leeuwen, George; Hempell, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004

Using panel data for German and Dutch firms from the services sector, this paper analyses the importance of ICT capital deepening and innovation for productivity. We employ a model that takes into account that innovation and ICT use may be complementary. The results show that the contribution of...

Persistent link: https://www.econbiz.de/10005097585

Does Experience Matter? Innovations and the Productivity of ICT in German Services

Hempell, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002

In this paper, it is argued that ICT investment is closely linked with complementary innovations and most productive in firms with innovative experience. In an analysis based on firm?level panel data covering the period 1994?99, system GMM estimates for an extended production function framework...

Persistent link: https://www.econbiz.de/10005097592

What's Spurious, What's Real? Measuring the Productivity Impacts of ICT at the Firm-Level

Hempell, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002

In order to assess the productivity effects of information and communication technologies (ICT), regressions based on cross?sectional firm?level data may yield unreliable results for the commonly employed production function framework. In this paper, various estimation biases and econometric...

Persistent link: https://www.econbiz.de/10005098399

Is There a Long-Run Trade-Off between Inflation and Unemployment?

Axell, Bo; Lang, Harald - Institutet för Näringslivsforskning (IFN) - 1985

How are inflation and unemployment related in the long run? Are they negatively correlated, as in the so-called naive … in his Nobel lecture? <p> In this paper inflation is introduced into a general equilibrium search unemployment model. We …

Persistent link: https://www.econbiz.de/10011019058

An Equilibrium Model of Search Unemployment

Albrecht, James W; Axell, Bo - Institutet för Näringslivsforskning (IFN) - 1983

distribution is endogenously determined. We use this model to analyze the comparative statics effects of increases in unemployment … compensation on the unemployment rate and aggregate welfare taking into account the induced change in the wage offer distribution … a selective increase in unemployment compensation, made available to those who impute a relatively low value to leisure …

Persistent link: https://www.econbiz.de/10010684408