Basu, Susanto; Fernald, John; Oulton, Nicholas; … - National Bureau of Economic Research (NBER) - 2003
We argue that unmeasured investments in intangible organizational capital associated with the role of information and communications technology (ICT) as a general purpose technology' can explain the divergent U.S. and U.K. TFP performance after 1995. GPT stories suggest that measured TFP should...