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product devoted to investment in computers, telecommunications equipment, and software rose sharply after 1995. The …
Persistent link: https://www.econbiz.de/10012466870
United States, I find no econometric evidence that computer investment is positively linked to TFP growth (over and above its …
Persistent link: https://www.econbiz.de/10012469972
Our study aims at assessing the actual importance of the two main channels usually contemplated in the literature through which upstream sector anticompetitive regulations may impact productivity growth: business investments in R&D and in ICT. We thus estimate what are the specific impacts of...
Persistent link: https://www.econbiz.de/10012459134
how fluctuations in individual crypto wealth affect household consumption, equity investment, and local real estate … consumption and investment into other asset classes …
Persistent link: https://www.econbiz.de/10014322832
What are the prospects for long-run economic growth? The present study looks at a recently launched hypothesis, which I label Singularity. The idea here is that rapid growth in computation and artificial intelligence will cross some boundary or Singularity after which economic growth will...
Persistent link: https://www.econbiz.de/10012457122
growth to the 1990s, discussing recent criticisms of their measurement and estimation framework. Our results suggest that the …. Third, and most importantly, we present new evidence on the time paths of economic growth, physical capital investment and … liberalization has, on average, robust positive effects on growth, openness and investment rates within countries. We illustrate …
Persistent link: https://www.econbiz.de/10012468542
This paper looks at the patterns of causation between income, export, import, and investment growth for 25 developing …
Persistent link: https://www.econbiz.de/10012471951
This paper revisits the yield spread's usefulness for predicting future real GDP growth. We show that the contribution of the spread can be decomposed into the effect of expected future changes in short rates and the effect of the term premium. We find that both factors are relevant for...
Persistent link: https://www.econbiz.de/10012470782
, and the effects of different investment profiles on total factor productivity growth on Dutch firm-level data. We estimate … an integrated model of investment profile adoption and total factor productivity growth. We find that the three … investment decisions are complementary, in the sense that investing in one increases the probability of investing in another one …
Persistent link: https://www.econbiz.de/10012480697
Traditional U.S. industries with higher firm-specific stock return and fundamentals performance heterogeneity use information technology (IT) more intensively and post faster productivity growth in the late 20th century. We argue that elevated firm performance heterogeneity mechanically reflects...
Persistent link: https://www.econbiz.de/10012465644