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Why Did U.S. Market Hours Boom in the 1990s?
McGrattan, Ellen - 2006
understanding the movements in hours and productivity. Expensed investments are expenditures that increase future profits but, by … progress during the 1990s, causing a boom in market hours and actual productivity …
Persistent link: https://www.econbiz.de/10012466623
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Intangible Capital and Productivity : An Exploration on a Panel of Italian Manufacturing Firms
Bontempi, Maria Elena - 2008
The paper examines the size and productivity of total intangible capital relative to total tangible capital for a large …
Persistent link: https://www.econbiz.de/10012464537
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Intangible Capital and Economic Growth
Corrado, Carol A. - 2006
becomes the unambiguously dominant source of growth in labor productivity. The role of multifactor productivity is …
Persistent link: https://www.econbiz.de/10012466723
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Rents and Intangible Capital : A Q+ Framework
Crouzet, Nicolas; Eberly, Janice C. - National Bureau of Economic Research - 2021
In recent years, US investment has been lackluster, despite rising valuations. Key explanations include growing rents and growing intangibles. We propose and estimate a framework to quantify their roles. The gap between valuations -- reflected in average Q -- and investment -- reflected in...
Persistent link: https://www.econbiz.de/10012599278
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Technology Capital and the U.S. Current Account
McGrattan, Ellen R. - 2008
The U.S. Bureau of Economic Analysis (BEA) estimates the return on investments of foreign subsidiaries of U.S. multinational companies over the period 1982--2006 averaged 9.4 percent annually after taxes; U.S. subsidiaries of foreign multinationals averaged only 3.2 percent. Two factors distort...
Persistent link: https://www.econbiz.de/10012464663
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Intellectual Capital and the Birth of U.S. Biotechnology Enterprises
Zucker, Lynne G. - 1994
We examine the relationship between the intellectual capital of scientists making frontier discoveries, the presence of great university bioscience programs, the presence of venture capital firms, other economic variables, and the founding of U.S. biotechnology enterprises during 1976-1989....
Persistent link: https://www.econbiz.de/10012474283
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Sweat Equity in U.S. Private Business
Bhandari, Anmol - 2018
In this paper, we first provide evidence that existing measures of business incomes and valuations based on widely-used surveys such as the Survey of Consumer Finances are mismeasured. We then develop a theory disciplined by U.S. national accounts and business census data to measure net incomes...
Persistent link: https://www.econbiz.de/10012453196
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Structural Change Within versus Across Firms : Evidence from the United States
Ding, Xiang; Fort, Teresa C.; Redding, Stephen; Schott, … - National Bureau of Economic Research - 2022
-house confers a sector-neutral productivity advantage facilitating within-firm structural transformation. Consistent with the model …
Persistent link: https://www.econbiz.de/10013334346
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A Model of Intangible Capital
Crouzet, Nicolas; Eberly, Janice C.; Eisfeldt, Andrea L.; … - National Bureau of Economic Research - 2022
We propose a model that starts from the premise that intangible capital needs to be stored on some medium --- software, patents, essential employees --- before it can be utilized in production. Storage implies that intangible capital may be partially non-rival within the firm, leading to scale...
Persistent link: https://www.econbiz.de/10013362030
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The Industry Anatomy of the Transatlantic Productivity Growth Slowdown
Gordon, Robert J. - 2019
compare and contrast productivity growth up through 2015 starting from 1950 in the U.S. and from 1972 in the EU-10. Data are … the inventions that propelled U.S. productivity growth in the first half of the 20th century, and the next EU-10 stage for … 1972-95 as imitating the U.S. outcome for 1950-72. We show that both the pace of aggregate productivity growth during 1972 …
Persistent link: https://www.econbiz.de/10012479654