Narrow search
Showing 1 - 10 of 344
Cover Image
Productivity Growth and Levels in France, Japan, the United Kingdom and the United States in the Twentieth Century
MAIRESSE, Jacques; Cette, Gilbert; Kocoglu, Yusuf - National Bureau of Economic Research (NBER) - 2009
This study compares labor and total factor productivity (TFP) in France, Japan, the United Kingdom and the United … experienced contrasting advances in productivity, in particular as a result of unequal investment in information and communication … technology (ICT). The past 120 years have been characterized by: (i) rapid economic growth and large productivity gains in all …
Persistent link: https://www.econbiz.de/10008614669
Cover Image
What Drives Aggregate Investment?
Bachmann, Rüdiger; Zorn, Peter - National Bureau of Economic Research (NBER) - 2013
Using firm-level survey data for the West German manufacturing sector, this paper revisits the technology-driven business cycle hypothesis for the case of aggregate investment. We construct a survey-based measure of technology shocks to gauge their contribution to short-run investment...
Persistent link: https://www.econbiz.de/10010969200
Cover Image
The Integration of the Canadian Productivity Accounts within the System of National Accounts: Current Status and Challenges Ahead
Harchaoui, Tarek M.; Baldwin, John R. - National Bureau of Economic Research (NBER) - 2005
A statistical agency faces several challenges in building Productivity Accounts. What started out as a request for … simple ratios of output to employment has moved to a demand for multifactor (total factor) productivity measures that take … quality of outputs. The challenge that faces users of productivity measures is that many series often exist within statistical …
Persistent link: https://www.econbiz.de/10005085328
Cover Image
The Case of the Missing Productivity Growth: Or, Does Information Technology Explain why Productivity Accelerated in the US but not the UK?
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...
Persistent link: https://www.econbiz.de/10005088683
Cover Image
Intangible Capital and Economic Growth
Sichel, Daniel; Corrado, Carol A.; Hulten, Charles R. - National Bureau of Economic Research (NBER) - 2006
becomes the unambiguously dominant source of growth in labor productivity. The role of multifactor productivity is …
Persistent link: https://www.econbiz.de/10005036821
Cover Image
The Marginal Products of Residential and Non-Residential Capital Through 2009
Mulligan, Casey; Threinen, Luke - National Bureau of Economic Research (NBER) - 2010
Estimates of the marginal product of capital can help forecast economic growth, test competing business cycle theories, and perform cost-benefit analysis. This paper presents annual and quarterly estimates of the marginal product of capital in the U.S. separately for the residential and...
Persistent link: https://www.econbiz.de/10008622319
Cover Image
Americans Do I.T. Better: US Multinationals and the Productivity Miracle
bloom, nicholas; Sadun, Raffaella; van Reenen, John - National Bureau of Economic Research (NBER) - 2007
The US has experienced a sustained increase in productivity growth since the mid-1990s, particularly in sectors that … intensively use information technologies (IT). This has not occurred in Europe. If the US "productivity miracle" is due to a … abroad. This paper shows in fact that US multinationals operating in the UK do have higher productivity than non …
Persistent link: https://www.econbiz.de/10005723169
Cover Image
The Great Mortgaging: Housing Finance, Crises, and Business Cycles
Jorda, Oscar; Taylor, Alan M.; Schularick, Moritz - National Bureau of Economic Research (NBER) - 2014
This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks' balance sheets doubled in the course of the 20th century, driven by a sharp rise of...
Persistent link: https://www.econbiz.de/10010969257
Cover Image
Recovery from Financial Crises: Evidence from 100 Episodes
Reinhart, Carmen; Rogoff, Kenneth S - National Bureau of Economic Research (NBER) - 2014
We examine the evolution of real per capita GDP around 100 systemic banking crises. Part of the costs of these crises owes to the protracted nature of recovery. On average, it takes about eight years to reach the pre-crisis level of income; the median is about 6 ½ years. Five to six years after...
Persistent link: https://www.econbiz.de/10010969301
Cover Image
Political Booms, Financial Crises
Ordonez, Guillermo L.; Herrera, Helios; Trebesch, Christoph - National Bureau of Economic Research (NBER) - 2014
We show that political booms, measured by the rise in governments' popularity, predict financial crises above and beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in emerging economies. We show that governments in emerging...
Persistent link: https://www.econbiz.de/10010969377