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This contribution analyzes the impact of intangible capital on labor productivity growth across countries at the … capital deepening accounts for around 50 percent of labor productivity growth at both the aggregate and sectoral level. Second …, we find that this positive impact of intangible capital on productivity growth at both levels of aggregation is driven by …
Persistent link: https://www.econbiz.de/10013183835
a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU …This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …
Persistent link: https://www.econbiz.de/10010374120
sector trade & transport. Intangible assets have stimulated labour productivity growth in all sectors. The contribution … varies between 0.17 (construction) and 0.59 (manufacturing) percentage points. In manufacturing, financial and business … services innovative property capital is the most influential type of intangible capital for labour productivity, followed by …
Persistent link: https://www.econbiz.de/10010385066
sector trade & transport. Intangible assets have stimulated labour productivity growth in all sectors. The contribution … varies between 0.17 (construction) and 0.59 (manufacturing) percentage points. In manufacturing, financial and business … services innovative property capital is the most influential type of intangible capital for labour productivity, followed by …
Persistent link: https://www.econbiz.de/10013049643
We analyze the effects of intangible investment on international output synchronization. Using a dynamic stochastic general equilibrium model, we find that an increase in the importance of intangible capital leads to a higher degree of output comovement across countries. Therefore, countries in...
Persistent link: https://www.econbiz.de/10011857136
Persistent link: https://www.econbiz.de/10010195554
exploring trends in energy- and labour productivity across 10 manufacturing sectors and 14 OECD countries for the period 1970 … considerably to aggregate manufacturing energy-productivity growth and, hence, to decoupling, while in other countries they partly … manufacturing labour-productivity developments. Furthermore, we find labour-productivity growth to be higher on average than energy-productivity …
Persistent link: https://www.econbiz.de/10011334858
a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU …This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …
Persistent link: https://www.econbiz.de/10013051449
Two different approaches are used in this article to study productivity per employee: the determinants of its growth … shown to have a positive and significant effect on both growth rates and levels of productivity. This result is consistent … paper, the employment rate and productivity exhibit a significant negative relationship, arising from the concentration of …
Persistent link: https://www.econbiz.de/10014188048
In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices … the sample composition and argue that focusing on manufacturing and mining sectors mitigates unobserved heterogeneity and … industries leads to a sizable drop of the productivity effects, halving the effect size for labor productivity and insignificant …
Persistent link: https://www.econbiz.de/10012695996