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The sustained increase in productivity gains from the spread of ICTs may increase potential output growth in the medium to long term via capital deepening effects and total factor productivity (TFP) gains, and in the short to medium term via the lagged adjustment of wages to productivity gains....
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"The paper examines the size and productivity of total intangible capital relative to total tangible capital for a large panel of Italian Manufacturing firms. In the analysis, we decompose total intangibles in two different ways: in intangibles expensed in firms' current accounts (as usually...
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being strictly proportional to size). The firm innovation output, as measured by patent numbers or innovative sales, rises …This paper studies the links between productivity, innovation and research at the firm level. We introduce three new … features: (i) A structural model that explains productivity by innovation output, and innovation output by research investment …
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