Im Vergleich zu Deutschland zeigt Großbritannien seit Beginn der 90er Jahre eine erheblich größere wirtschaftliche Dynamik. Die Forschungs- und Entwicklungsaktivitäten bleiben dort jedoch deutlich hinter denen in Deutschland zurück. Dies gilt vor allem für den Beitrag der Unternehmen zu...

This paper uses a new set of industry data for the US and the UK non-agricultural market economy, to provide new evidence on the impact of ICT on TFP. We compare the results from standard panel data techniques with newly developed dynamic panel data estimation methods. The traditional industry...

Using company accounts data for 5 countries (US, UK, Japan, France and Germany) we analyse the relationship between intangible assets and productivity. We integrate the company data with industry information on tangible and intangible investments and skill composition of the labour force. The...

This paper investigates the impact of off-shoring on specialisation via its effect on national endowments and productivity. We use different definition of off-shoring to properly capture international fragmentation of production, while controlling for countries? stocks of R&D and ICT capital....

Using industry data for the United States and the United Kingdom, we provide new evidence on the impact of information and communications technology (ICT) capital on real output growth. The traditional industry panel data analysis fails to find a positive contribution. We argue that this is due...

This paper provides a unique cross-country comparative perspective on the impact of information and communication technology on the demand for skilled labour. It employs panel data for the US, the UK and France, comprising several skill categories for each country for the 1980s and 1990s. The...

Provides an overview of the real business cycle research agenda, tackling the main theoretical and empirical issues. Concludes that although this methodological approach has been popular in terms of the number of papers published, it has not been completely convincing in providing a theory of...

This paper investigates the phenomenon of pro-cyclical productivity and attempts to discriminate among several competing explanations given in the literature. The study focuses on the United States and Japan. The different industrial relations in these two economics cast a sharper light on the...