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This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits … a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …
Persistent link: https://www.econbiz.de/10010374120
This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits … a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …
Persistent link: https://www.econbiz.de/10013051449
productivity improvements not within sectors but within value chains. It allows judging in a better way to what extent more or … result is that more than half of the productivity gains related to ICT capital deepening for manufactured goods are … sectoral growth in total factor productivity (TFP) in the ICT sector contributes only moderately to TFP growth in non-ICT value …
Persistent link: https://www.econbiz.de/10012146257
from German industries can be explained by knowledge spillovers, channeled through the export of intermediate goods. Our … study is based on a sample of 27 German trade partners in 14 manufacturing industries for the period 2004 to 2016. Using … by German R&D expenditure. The relationship between these spillovers and learning seems to be particularly strong in …
Persistent link: https://www.econbiz.de/10014316501
This paper reassesses the link between ICT prices, technology, and productivity. To understand how the ICT sector could … productivity. Because ICT technologies diffuse through the economy increasingly via purchases of cloud and data analytic services … substantially understate the productivity of the sector. The model developed in this paper also has implications for the …
Persistent link: https://www.econbiz.de/10012962701
We show that an increase in aggregate uncertainty - measured by stock market volatility - reduces productivity growth … uncertainty, firms that are credit constrained switch the composition of investment by reducing productivity-enhancing investment … difference-in-difference approach using productivity growth of 25 industries from 18 advanced economies over the period 1985 …
Persistent link: https://www.econbiz.de/10011634332
productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative … there have been positive and persistent technology spillovers to sectors intensively using ICT. Second, neglecting leasing …
Persistent link: https://www.econbiz.de/10012391362
productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative … there have been positive and persistent technology spillovers to sectors intensively using ICT. Second, neglecting leasing …
Persistent link: https://www.econbiz.de/10013314751
productivity by as much as 6%, suggesting large "productivity costs" of business cycles. …
Persistent link: https://www.econbiz.de/10012395487
This study highlights the importance of investment-specific technological (IST) progress in affecting the business cycle, which is identified by properly specifying shock propagation mechanisms. IST progress differentiates the value of investment goods across different vintages, which raises...
Persistent link: https://www.econbiz.de/10013322512