The purpose of this paper is to estimate the effect of durable goods and ICT on Euro Area economic growth and productivity change; when expenditure on consumer durables is recorded as capital investment. The capitalization of consumer durables impacts both the levels and growth rates of the...

General purpose technologies (GPT) have a significant impact on economic activity through radical technological change and wide technological diffusion. This paper aims to address the generality of technologies associated with the GPT concept. Information and communications technologies (ICT),...

The importance of data and different sources of knowledge in the development of new services and products, and further in the creation of new markets, has dramatically increased during the past few decades. This empirical study uses data from 531 Finnish firms to explore the determinants of...

Using recently collected data on Finnish small businesses, we provide evidence that the debt capacity of growth options, defined as the amount of debt that firms optimally raise for an incremental project, is negative, especially in the information and communications technology (ICT) sector. We...

New technologies in the globalized business environment are shaping competitive strategies in unprecedented ways. As important as the race for developing more advanced ICT products is the ability to convert these advances into a higher productivity of the assets in other economic activities....

The diffusion of two general purpose technologies, electricity and ICT, in the Finnish manufacturing industry is observed. The full diffusion of electricity as motive power in the 1920s and 1930s led to a step-up of nearly 4 percentage points in manufacturing LP. Furthermore, all industries...

This paper presents new calculations for the production and use of information and communications technology (ICT) in Finland from 1975 to 2001. ICT-production has in the late 1990s had significant impacts on growth and labour productivity (LP). As the increase in LP seems to have mushroomed...

Yritykset ja niiden toimintatavat ovat jatkuvassa muutoksessa teknologian kehittyessä. Etenkin edistys tieto- ja viestintäteknologiassa (ICT) on luonut kokonaan uusia toimialoja ja toisaalta muokannut merkittävästi myös perinteisinä koettujen alojen yritysten toimintamalleja. ICT:n...

In this paper, we examine new Internet ecosystem strategies through comprehensive OECD PATSTAT patent data analyses focusing on mobile operating system software firms. We also describe current patent disputes between mobile hardware firms and mobile operating system software firms in the US and...