Showing 1 - 10 of 15,148
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 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 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
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
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
productivity (TFP) growth in economics and management, yet little is known about its precision, especially when the capital stock …. -- Total factor productivity ; Solow esidual ; generalized differences ; measurement error ; Malmquist index …
Persistent link: https://www.econbiz.de/10003770644
From an engineering perspective, a capital good’s service is energy conversion - e.g., the physical 'work' done by a machine - and can thus be measured directly by the energy consumed in production. We show important empirical advantages of our concept over traditional measures. The empirical...
Persistent link: https://www.econbiz.de/10009733475
Two alternative measures of demand adjusted capital input for the U.S. non-farm private business sector are derived and their differential impacts on the potential supply of output are compared to those obtained using the unadjusted index of capital input published by the Congressional Budget...
Persistent link: https://www.econbiz.de/10012869529
We show that an increase in aggregate uncertainty-measured by stock market volatility-reduces productivity growth more … using productivity growth for 25 industries for 18 advanced economies over the period 1985-2010-mitigates concerns with …
Persistent link: https://www.econbiz.de/10012977789