, process and organizational innovation), which ultimately feeds into a productivity equation. We find that ICT investment and …We propose a model where both R&D and ICT investment feed into a system of three innovation output equations (product … product innovation in manufacturing. The strongest productivity effects are derived from organizational innovation. We find …

-goods producers drops during recessions. We then develop a model of lumpy investment with heterogeneous firms and endogenous … equilibrium feedback accounts for the observed comovement between investment and innovation, provides a powerful propagation … mechanism for macroeconomic shocks, and generates endogenous aggregate-productivity dynamics. Policies that stimulate capital …

This paper studies the effects of investment tax credits on firms’ input choices by exploitinga sudden shift in the tax … significant increase in both investment and employment, with implied elasticities with respect to capital costs of 2.8 and 1 … evidence that the average firm adjusts its skill mix or occupational structure, firms in industries with higher investment …

planner, on the aggregate investment in the new technology. The optimal policy has a Pigou's flavor but accounts for the non …

investments, only a small growth in productivity was observed. This observations has been coined the productivity paradox. This … reveals strong presence of publication bias within ICT productivity literature and using mixed effect multilevel model …