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Studies of firm-level data have shown that there is a huge dispersion of productivity across firms even when industries are narrowly defined. So there is a significant opportunity for the least productive firms to catch up to the most productive. The formers’ convergence could therefore...
Persistent link: https://www.econbiz.de/10010744856
The extent to which the impact of computer skills depends on how computers are used is investigated using British data from an establishment survey, cohort studies and the European E-Living survey. We examine the importance of activity and frequency of use in these various data sources. We find...
Persistent link: https://www.econbiz.de/10010744975
We use a new industry-level dataset to quantify the role of ICT in explaining productivity growth in the UK, 1970 … that ICT capital played an increasingly important, and in the 1990s the dominant, role in accounting for labour … productivity growth in the market sector. Econometric evidence also supports an important role for ICT. We also find econometric …
Persistent link: https://www.econbiz.de/10010745929
model which suggests that improvements in ICT will increase the dispersion of economic activity across cities making city …
Persistent link: https://www.econbiz.de/10010746130
other structural changes over the same period such as increased globalisation and usage of ICT. I argue that the increase …. Surprisingly however, the positive correlation between ICT and net entry share – a main result of earlier studies – becomes more …
Persistent link: https://www.econbiz.de/10010746177
productivity. The “Solow Paradox” of the absence of an impact of ICT on productivity no longer holds, if it ever did. Both growth … estimates suggest a much larger impact of ICT on productivity than would be expected from the standard neoclassical model that …
Persistent link: https://www.econbiz.de/10011071487
Computers and ICT have changed the way we live and work. The latest WERS 2004 provides a snapshot of how using ICT at …
Persistent link: https://www.econbiz.de/10010928708
How big a boost to long run growth can countries expect from the ICT revolution? I use the results of growth accounting …-sector model is required because of the very rapid rate at which the prices of ICT products have fallen in the past and are … expected to fall in the future. According to the two-sector model, the main boost to growth comes from ICT use, not ICT …
Persistent link: https://www.econbiz.de/10010884516
Speculative industries exploit novel technologies subject to two risks. First, there is uncertainty about the fundamental value of the innovation: is it strong or fragile? Second, it is difficult to monitor managers, which creates moral hazard. Because of moral hazard, managers earn agency rents...
Persistent link: https://www.econbiz.de/10010744809
innovation is that we also have direct data on the sources of learning (in this case about new technologies). Controlling for … they learnt from buyers (relative to learning from other sources). Second, firms who had learned from buyers (more than … for the learning-by-exporting hypothesis. …
Persistent link: https://www.econbiz.de/10010744844