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The contribution of intangible assets to sectoral productivity growth in the EU

Niebel, Thomas; O'Mahony, Mary; Saam, Marianne - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

productivity growth based on growth accounting and econometric estimation of production functions. The growth accounting … contribution of intangibles to labor productivity growth is generally highest in manufacturing and finance. The estimated output …

Persistent link: https://www.econbiz.de/10010957586

Are intangibles more productive in ICT-intensive industries? Evidence from EU countries

Chen, Wen; Niebel, Thomas; Saam, Marianne - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

productivity growth. The sectoral setting further allows us to identify the differential impacts of intangible capital across …

Persistent link: https://www.econbiz.de/10010957594

Intangible assets and investments at the sector level: Empirical evidence for Germany

Crass, Dirk; Licht, Georg; Peters, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

sector trade & transport. Intangible assets have stimulated labour productivity growth in all sectors. The contribution … services innovative property capital is the most influential type of intangible capital for labour productivity, followed by … for labour productivity growth. …

Persistent link: https://www.econbiz.de/10010957714

Productivity of ICT and non-ICT capital: The role of rates of return and capital prices

Niebel, Thomas; Saam, Marianne - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011

We investigate the role rates of return and rates of asset price decline play in explaining sources of productivity … somewhat downplay the role investment played relative to growth in multi-factor productivity in the UK and the US during 1995 … - 2000. Moreover, we show that more than half of the ICT contribution to labor productivity growth results from growth in …

Persistent link: https://www.econbiz.de/10009646595

ICT and economic growth: Comparing developing, emerging and developed countries

Niebel, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

This paper analyzes the impact of information and communication technologies (ICT) on economic growth in developing, emerging and developed countries. It is based on a sample of 59 countries for the period 1995 to 2010. Various panel data regressions confirm the positive relationship between ICT...

Persistent link: https://www.econbiz.de/10011122567

The macroeconomic effects of large exchange rate appreciations

Kappler, Marcus; Reisen, Helmut; Schularick, Moritz; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011

In this paper we study the macroeconomic effects of large exchange rate appreciations. Using a sample of 128 countries from 1960-2008, we identify large nominal and real appreciations shocks and study their macroeconomic effects in a dummy-augmented panel autoregressive model. Our results show...

Persistent link: https://www.econbiz.de/10008869217

Modeling German unification in a disequilibrium framework

Winker, Peter; Smolny, Werner; Radowski, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1999

Unification fundamentally changed the terms of quantitative macroeconomic analysis for Germany. Two main areas concerned are data availability for the eastern part of Germany and structural changes within the behavioural equations after unification. Our paper presents results from the estimation...

Persistent link: https://www.econbiz.de/10005097560

Interpreting estimation results of Euler equation investment models when factor markets are imperfectly competitive

Janz, Norbert - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1997

In this paper the standard Euler equation investment model with imperfectly competitive product markets is extended for imperfectly competitive structures on the factor markets: labour markets and markets for investment goods. This extension leads to two additional explanatory variables in the...

Persistent link: https://www.econbiz.de/10005098184

Investment and employment adjustment after unification : some results from a macroeconometric disequilibrium model

Radowski, Daniel; Smolny, Werner; Winker, Peter - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1999

The macroeconomic development in West Germany in the aftermath of unification was characterized by a boom period in 1990/1991, a deep recession in 1992/1993 and a slow recovery since then. In East Germany, in contrast, unification induced a breakdown of production and employment followed by a...

Persistent link: https://www.econbiz.de/10005098203

Agglomeration tendencies in EU regions: where does capital go?

Stirböck, Claudia - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2001

This paper focuses on two aspects being neglected in the analysis of agglomeration tendencies so far. First, it regards regional agglomeration patterns and secondly, the allocation of capital across industrial sectors. Indeed, the average relative concentration of capital turns out to be of a...

Persistent link: https://www.econbiz.de/10005098415