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This study highlights the importance of investment-specific technological (IST) progress in affecting the business … investment goods across different vintages, which raises payouts from new investments while inducing capital losses of older … investment goods. I develop a DSGE model that focuses on asset valuation by capital owners, considering their net wealth. The …
Persistent link: https://www.econbiz.de/10013322512
investment of broadband, intermodal competition for DSL, cable, 4G/LTE and FTTH in the US and EU, and measures of how the US has … nearly one quarter of the world’s broadband investment. A decade ago the EU accounted for more than one-third of the world …’s broadband investment; today it is less than one-fifth. This paper is novel in its attempt to attribute the role of broadband to …
Persistent link: https://www.econbiz.de/10014147075
The logistics industry in Europe is under constant scrutiny due to the impact of digitalizing business processes and the globalization of competing markets, especially China and the USA. Therefore, the constant optimization of corporate legacy processes and, subsequently, the reduction of...
Persistent link: https://www.econbiz.de/10014308313
This paper is concerned with measuring and influencing the direction of technological change. First, it provides a comprehensive assessment of the factor bias of technological change using panel data from the World Input-Output Database (WIOD) for 25 EU countries from 1995 to 2009. We measure...
Persistent link: https://www.econbiz.de/10011340224
The paper investigates empirically the decision of firms to adopt Information and Communication Technologies (ICT) based on a comprehensive specification of a "rank model" of technology adoption (complemented by "epidemic effects") using firm-level data for the Swiss business sector. The...
Persistent link: https://www.econbiz.de/10001767807
New digital technologies are currently becoming one of the main sources of building a competitive advantage for enterprises. The Internet of Things and big data are opening the previously unknown possibilities for optimising production processes and improving the productivity. The speed, nature...
Persistent link: https://www.econbiz.de/10012895260
It is a triumph of technology and of economics that our computer chips are so universal. Countless applications are only possible because of the staggering variety of calculations that modern chips can compute. But, this was not always the case. Computers used to be specialized, doing only...
Persistent link: https://www.econbiz.de/10012897333
COVID-19’s affliction has spared none regardless of country, economy, rich or poor, child or old age, salaried or entrepreneur, celebrity or common man, actor or politician, Policeman or thief, Teacher or student, Doctor or Patient. With the nature of high transmissibility and absence of...
Persistent link: https://www.econbiz.de/10013231950
The recent global explosion in Internet usage has enhanced worker productivity and the availability of information to remote and economically disadvantaged population segments unimagined just decades ago. Continued increases in computer processing speeds when combined with decreased production...
Persistent link: https://www.econbiz.de/10013242070
There has been a great deal of speculation that machine learning might be a general purpose technology. Many other emerging technologies receive similar speculation. However, general purpose technologies are typically identified with the benefit of many years of hindsight. For managers deciding...
Persistent link: https://www.econbiz.de/10012847338