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We study whether aggregation residuals in U.S. private investment in information technology (IT) exhibit a predictable …
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rarely present in investment models. In this paper, I extend the q-theory of investment to model explicitly the decision of … than focusing only on their rising share in overall investment. -- Intangible investment ; Q-Theory ; Skill Premium … known as intangibles, suggest that their share in overall investment has grown considerably. Still, intangible investment is …
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