The impact of an economic shock depends both on its severity and the resilience of the economic response. Resilience can include the ability to relocate factors, for example, even when new technologies or skills are not yet at the ready. This resilience per se buffers production and has an...

"This book consists of several theoretical and empirical papers. It is written by distinguished authors working in social and engineering sciences at different universities. Studies show the developments that may occur regarding the new normal life with the effect of Covid-19. The book aims to...

This paper assesses the productivity puzzle critically and gives an outlook on the COVID-19 crisis. It offers two main conclusions. First, it posits that a large fraction of the productivity puzzle can be solved by incorporating intangible capital into the asset boundary of the national...