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The Broadband Bonus: Accounting for Broadband Internet's Impact on U.S. GDP

Greenstein, Shane Mitchell; McDevitt, Ryan C. - National Bureau of Economic Research (NBER) - 2009

How much economic value did the diffusion of broadband create? We provide benchmark estimates for 1999 to 2006. We observe $39 billion of total revenue in Internet access in 2006, with broadband accounting for $28 billion of this total. Depending on the estimate, households generated $20 to $22...

Persistent link: https://www.econbiz.de/10005828817

Evidence of a Modest Price Decline in US Broadband Services

Greenstein, Shane Mitchell; McDevitt, Ryan C. - National Bureau of Economic Research (NBER) - 2010

In this paper, we construct a price index for broadband services in the United States between 2004 and 2009. We analyze over 1500 service contracts offered by DSL and cable providers in the United States. We employ a mix of matched-model methods and hedonic price index estimations to adjust for...

Persistent link: https://www.econbiz.de/10008628438

The market value of patents and R&D: Evidence from European firms

Hall, Bronwyn H; Thoma, Grid L. D.; Torrisi, Salvatore - National Bureau of Economic Research (NBER) - 2007

This paper provides novel empirical evidence on the private value of patents and R&D in European firms during the period 1991-2004. We explore the relationship between firm's stock market value, patents, and "quality"-weighted patents issued by the European Patent Office (EPO) and the US Patent...

Persistent link: https://www.econbiz.de/10005829911

Innovation and Welfare: Results from Joint Estimation of Production and Demand Functions

Jaumandreu, Jordi; MAIRESSE, Jacques - National Bureau of Economic Research (NBER) - 2010

This paper develops a simple framework to estimate the parameters of the production function together with the elasticity of the demand for the output and the impact of demand and cost shifters. The use of this framework helps, in the first place, to treat successfully the difficult problem of...

Persistent link: https://www.econbiz.de/10008540043

Productivity and the Welfare of Nations

Basu, Susanto; Schiantarelli, Fabio; Servén, Luis; … - National Bureau of Economic Research (NBER) - 2012

total factor productivity (TFP) and by the capital stock per capita. These variables suffice to calculate welfare changes …

Persistent link: https://www.econbiz.de/10011227907

Sources of Firm Life-Cycle Dynamics: Differentiating Size vs. Age Effects

Kueng, Lorenz; Yang, Mu-Jeung; Hong, Bryan - National Bureau of Economic Research (NBER) - 2014

What determines firm growth over the life-cycle? Exploiting unique firm panel data on internal organization, balance sheets and innovation, representative of the entire Canadian economy, we study recent theories that examine life-cycle patterns for firm growth. These theories include...

Persistent link: https://www.econbiz.de/10010951103

Productivity, Efficiency, Scale Economies and Technical Change: A New Decomposition Analysis

Nemoto, Jiro; Goto, Mika - National Bureau of Economic Research (NBER) - 2005

This paper aims to examine the productivity change of the Japanese economy using the data pertaining to the 47 … prefectures during the period 1981-2000. The decomposition analysis of the Hicks-Moorsteen-Bjurek productivity index is conducted … to explore the sources of the productivity change. In summary, technical change and efficiency change are two of the most …

Persistent link: https://www.econbiz.de/10005089062

A Comment on Nishimura, Nakajima, and Kiyota's "Does the natural selection mechanism still work in severe recessions? Examination of the Japanese economy in the 1990s"

Horioka, Charles Yuji; Okada, Tae - National Bureau of Economic Research (NBER) - 2007

Nishimura et al. (2005) analyze the entry/exit behavior of Japanese firms during the 1990s and find that relatively efficient firms exited while relatively inefficient firms survived during the banking-crisis period of 1996-97. They conclude that the natural selection mechanism (NSM) apparently...

Persistent link: https://www.econbiz.de/10005084454

Information Technology Externalities: Empirical Evidence from 42 U.S. Industries

Mun, Sung-Bae; Nadiri, M. Ishaq - National Bureau of Economic Research (NBER) - 2002

interindustry transaction. Decomposition of total factor productivity (TFP) suggests that IT externalities can explain considerable …

Persistent link: https://www.econbiz.de/10005714877

Estimating Lost Output from Allocative Inefficiency, with an Application to Chile and Firing Costs

Petrin, Amil; Sivadasan, Jagadeesh - National Bureau of Economic Research (NBER) - 2011

We propose a new measure of allocative efficiency based on unrealized increases in aggregate productivity growth. We …

Persistent link: https://www.econbiz.de/10009277259