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important ways. This article shows that computerization and use of the Internet are associated with greater hours worked as well …, that trade unions have begun to use the Internet as a tool for servicing members and carrying their message to the public …
Persistent link: https://www.econbiz.de/10012469455
Used properly, the term 'new e-conomy' is warranted. Since 1995, there has been a wave of innovation associated with both the production and use of information technology that has been translated into improved US economic performance. In particular, there has been a substantial acceleration in...
Persistent link: https://www.econbiz.de/10012470481
states of the world in order to calculate the optimal tax, the regulator here estimates damages as they are realized and …
Persistent link: https://www.econbiz.de/10013435097
The present study is the third in a series of three papers devoted to issues in the measurement of productivity and productivity growth. The major findings are as follows. First, this study shows that the new data set used here, which develops data on total output, business sector output, and...
Persistent link: https://www.econbiz.de/10012470633
exceeding that of the golden age' of 1913-72. Accordingly many observers have declared the New Economy' (the Internet and the … American standard of living from the bad old days of the late 19th century. In comparison, computers and the Internet fall … the future. The Internet fails the hurdle test as a Great Invention on several counts. First, the invention of the …
Persistent link: https://www.econbiz.de/10012470910
To explain the fact that government spending and tax policy are procyclical in emerging and developing countries, we develop a model for the joint behavior of optimal tax rates and government spending over the business cycle. Our set-up relies on financial frictions, which have been shown to be...
Persistent link: https://www.econbiz.de/10012616597
This paper analyzes the theoretical and quantitative implications of optimal capital taxation in the neoclassical growth model with aggregate shocks and incomplete markets. The model features a representative-agent economy with proportional taxes on labor and capital. I first consider the case...
Persistent link: https://www.econbiz.de/10012465260
This paper revisits the macroeconomic effects of government consumption in the neoclassical growth model augmented with idiosyncratic investment (or entrepreneurial) risk. Under complete markets, a permanent increase in government consumption has no long-run effect on the interest rate, the...
Persistent link: https://www.econbiz.de/10012465517
Computer and Internet use, especially in developing countries, has expanded rapidly in recent years. Even in light of … Internet penetration, both currently and over time, we examine panel data for 161 countries over the 1999-2004 period. We … factors associated with computer and Internet penetration do not differ substantially between developed and developing …
Persistent link: https://www.econbiz.de/10012466283
To identify the determinants of cross-country disparities in personal computer and Internet penetration, we examine a … significant in most specifications for computer use. A similar pattern holds true for Internet use, except that telephone density … differentials. For computers, telephone density and regulatory quality are of second and third importance, while for the Internet …
Persistent link: https://www.econbiz.de/10012468005