Showing 1 - 10 of 77
This paper presents annual estimates of fixed capital stocks and capital services for the United Kingdom, 1950-2013, for the whole economy and for the market sector. Our estimates cover eight asset types (structures, machinery, vehicles, computers, purchased software, own-account software,...
Persistent link: https://www.econbiz.de/10011266090
In the wake of the financial crisis output fell dramatically while inflation remained above its target and productivity collapsed relative to its previous trend. The fall in productivity relative to trend was particularly pronounced within the service sector, and then most particularly in...
Persistent link: https://www.econbiz.de/10011126118
stylised facts are considered: globalisation, information technology, and competition. Globalisation and information technology … may have benefited the most productive firms more and the growth of competition may at the same time have stimulated the …
Persistent link: https://www.econbiz.de/10010744856
production. Even a country which has zero ICT production can benefit via improving terms of trade. In the long run, the falling … database. The ICT intensity of production (the ICT income share) is much lower in many European countries than it is in the …
Persistent link: https://www.econbiz.de/10010884516
The paper provides a quantitative analysis of the armed confrontation that took place in Greece between the Communist Party and the Centre-Right Government during 1946-1949. Using monthly data for battle casualties a dynamic Lotka-Volterra framework is estimated, pointing to the existence of a...
Persistent link: https://www.econbiz.de/10010754017
survivors, and that firms are more likely to drop products which are younger and have smaller production volumes relative to …
Persistent link: https://www.econbiz.de/10010745234
A general equilibrium model of individual specialization is presented in which agents trade off the productivity and price implications of producing a narrower range of goods. Agents with highly specific skills turn out to benefit most from large markets. The model is able to replicate features...
Persistent link: https://www.econbiz.de/10010745762
What role does labor play in a firm’s market value? We explore this question using a production-based asset pricing …
Persistent link: https://www.econbiz.de/10010745844
We employ the EU KLEMS database to estimate the real rate of return to capital in 14 countries (11 in the EU, three outside the EU) in 10 branches of the market economy plus the market economy as a whole. Our measure of capital is an aggregate over seven types of asset: three ICT assets...
Persistent link: https://www.econbiz.de/10010745924
the exclusion of micro cap firms from the sample. We propose a production-based asset pricing model with adjustment costs …
Persistent link: https://www.econbiz.de/10010746050