This paper studies the productivity impact of heterogeneous capital inputs of selected EU-15 member countries and of the U.S. at the macroeconomic level. The stochastic possibility frontiers approach of Battese and Coelli (1992) applied here is used to identify neutralities or non-neutralities...

This paper addresses the issue of estimating and forecasting productivity growth trends in the US and Germany from the perspective of a business cycle researcher who wants to use the available information in time series of aggregate labor productivity to derive a model for short- and/or...

During the last decade a number of principles of modern technology policy emerged from the intensive debate on efficient designs of technology policy to encourage and strengthen the competitiveness of economies. While at the beginning national innovation systems like national economies seemed to...

The impact of ICT on the efficiency of different national telecommunication industries of the US, Germany, France, the UK and the Netherlands is analysed by using a stochastic production possibility frontier approach. The relative inefficiencies of these industries measured as distances to the...

The origin of increasing income inequality and strategies to influence this unwarranted development has stimulated major debates during the 1990s under economists, politicians and the general public in a number of OECD countries and the U.S. in particular. While this topic includes a broader...