The paper examines the size and productivity of total intangible capital relative to total tangible capital for a large …

becomes the unambiguously dominant source of growth in labor productivity. The role of multifactor productivity is …

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 …

not with higher productivity or profitability. The evidence suggests that intangible investment is associated with growth … and 'soft' performance objectives, but not with productivity or profitability …

how this leads to an underestimation of productivity growth in the early years of a new GPT, and how later, when the … benefits of intangible investments are harvested, productivity growth will be overestimated. Our model generates a Productivity … J-Curve that can explain the productivity slowdowns often accompanying the advent of GPTs, as well as the increase in …