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Unmeasured Investment and the Puzzling U.S. Boom in the 1990s
McGrattan, Ellen R. - 2008
by introducing intangible investment and non-neutral technology change with respect to producing intangible investment …. We use the theory to compare current accounting measures for labor productivity and investment with the corresponding … measures for the model economy with intangible investment. Our findings show that standard accounting measures greatly …
Persistent link: https://www.econbiz.de/10012770850
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Sectoral Productivity in the United States : Recent Developments and the Role of IT
Corrado, Carol A. - 2014
This paper introduces new estimates of recent productivity developments in the United States, using an appropriate theoretical framework for aggregating industry MFP to sectors and the total economy. Our work sheds light on the sources of the continued strong performance of U.S. productivity...
Persistent link: https://www.econbiz.de/10012709388
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Intangible investment in the EU and US before and since the Great Recession and its contribution to productivity growth
Corrado, Carol; Haskel, Jonathan; Jona-Lasinio, Cécilia; … - 2016
This paper uses a new cross-country cross-industry dataset on investment in tangible and intangible assets for 18 … European countries and the US. We set out a framework for measuring intangible investment and capital stocks and their effect … on output, inputs and total factor productivity. The analysis provides evidence on the diffusion of intangible investment …
Persistent link: https://www.econbiz.de/10011587816
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Tangible and intangible assets in the growth performance of the EU, Japan and the US
Adarov, Amat; Stehrer, Robert - 2019
This paper discusses new results using the EU KLEMS 2019 Release focussing on the role of ICT and intangibles assets employing a growth accounting framework and an econometric analysis. The EU KLEMS 2019 data covers most EU Member States, the US and Japan, forty detailed industries according to...
Persistent link: https://www.econbiz.de/10012154247
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Financial integration and growth : banks' previous industry exposure matters
Dincbas, Neslihan; Michalski, Tomasz; Örs, Evren - 2015
Using U.S. interstate banking deregulations, we identify the effect of banks' prior to market-entry industry exposures on the state-level manufacturing sector growth. Examining industry value added, gross operating surplus, total compensation, number of employees, output per employee and wages,...
Persistent link: https://www.econbiz.de/10011541027
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The Direct and Indirect Effects of Small Business Administration Lending on Growth : Evidence from U.S. County-Level Data
Young, Andrew T. - 2015
Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...
Persistent link: https://www.econbiz.de/10013032373
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Growth in the shadows : effect of the shadow economy on U.S. economic growth over more than a century
Goel, Rajeev K.; Saunoris, James W.; Schneider, Friedrich - 2017
This paper provides a long-term view by studying the effect of the underground or shadow economy on economic growth in the Unites States over the period 1870 to 2014. Shadow activities might spur or retard economic growth depending on their interactions with the formal sector and impacts on the...
Persistent link: https://www.econbiz.de/10011641560
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Growth in the Shadows: Effect of the Shadow Economy on U.S. Economic Growth over More Than a Century
Goel, Rajeev K.; Saunoris, James W.; Schneider, Friedrich - 2017
This paper provides a long-term view by studying the effect of the underground or shadow economy on economic growth in the Unites States over the period 1870 to 2014. Shadow activities might spur or retard economic growth depending on their interactions with the formal sector and impacts on the...
Persistent link: https://www.econbiz.de/10011653433
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Entrepreneurship, institutuions and economic dynamism : lessons from a comparison of the United States and Sweden
Braunerhjelm, Pontus; Henrekson, Magnus - 2012
The purpose of this research endeavor - in the form of eight articles - to be published in 2013 in a Special Section of Industrial and Corporate Change is to further our understanding of the extent, character and orientation of entrepreneurial activity in today's wealthy countries. This is done...
Persistent link: https://www.econbiz.de/10009666645
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The economics of inclusion : building an argument for a shared society
Valenti, Michael A.; Giovannoni, Olivier - 2013
This paper presents a review of the literature on the economics of shared societies. As defined by the Club de Madrid, shared societies are societies in which people hold an equal capacity to participate in and benefit from economic, political, and social opportunities regardless of race,...
Persistent link: https://www.econbiz.de/10009704290