KLEMS database. I distinguish between three types of capital: information and communication technologies (ICT), intellectual … property (IP) capital, and traditional capital. I assume that the aggregate output is produced using labor and these three … types of capital and allow for differences in the elasticities of substitution between labor, an aggregate of ICT and IP …

KLEMS database. I distinguish between three types of capital: information and communication technologies (ICT), intellectual … property (IP) capital, and traditional capital. I assume that the aggregate output is produced using labor and these three … types of capital and allow for differences in the elasticities of substitution between labor, an aggregate of ICT and IP …

Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and … wealth accounting exercises. Yet the calculation of "capital" frequently receives only cursory attention, despite the …) calculates long-run provincial (and national) physical capital series for China, (ii) distinguishes between capital services and …

indicate capital accumulation and high profits, in a period characterised by international economic turmoil, alongside …

rates caused by demographic forces. This insight is obtained in a model in which intangible capital cannot attract external … aggregate output. An increase in the share of intangible capital in production reduces the borrowing capacity and increases the …-intense economy, the ability of firms to purchase intangible capital using retained earnings is impaired by low interest rates …

The often discussed problems of aggregating tangible capital assets across vintages and of decomposing value aggregates … the interest rate and the capital's age? In discussing these issues, five related quantity variables and five related …