Although it is a relative old concept, having ruts in the writings of the late „60s, globalization has become in current times a cliché, being used in many parts of the world and in many languages but not having a specific definition. Financial globalization is considered to be the core...

The study investigated the dynamic interaction between savings, investment and economic growth in Nigeria within the period 1981 to 2014, using annual time series data obtained from the World Bank Development Indicator (WDI). The study employed the impulse response function (IRF) and the...

This paper investigates the impact of historical crude oil-price fluctuation on diverse economies. It employs the use of structural vector autoregressive (SVAR) and panel VAR methodologies as innovative paths of investigating oil-shock association. While evidence of linear and non-linear shock...

National accountants treat as consumption all expenditure incurred in purchasing consumer durables and in forming intangible assets such as knowledge, education and good health. The case is made in this paper that the national accounts measures of saving and investment understate both the extent...

In 2012, business sector software investment per worker in Canada was 40.7 per cent of that in the United States. The objective of this report is to deepen our understanding of the reasons for which Canadian businesses invest substantially less in software than their U.S. counterparts. The...

Canada’s productivity performance reflects in large part our innovation record, both in terms of business sector R&D and information and communications technology (ICT) investment. The objective of this report is to examine the country’s ICT investment performance since 2000. The key finding...

A major puzzle is that despite the apparent importance of innovation around the knowledge economy, UK macro performance appears unaffected: investment rates are flat, and productivity has slowed down. We investigate whether measurement issues might account for the puzzle. The standard National...

Over the last few years, a large body of literature has shown that the level of information and communications technology (ICT) diffusion, and, as a result, the favorable effects of this diffusion on productivity, differ greatly between the major advanced countries, with the United States the...

This paper examines the measurement of ICT diffusion, with a particular focus on investment. It explores the problems that exist in producing reliable measures of ICT investment and comparing them across countries. Special attention is also given to issues associated with the measurement and...

Recent economic literature has identified sizeable differences across industrialised countries in the diffusion of Information and Communication Technologies (ICTs) throughout the production structure. This paper addresses the question of whether differences in the price elasticity of demand for...