productivity (TFP) growth in economics and management, yet little is known about its precision, especially when the capital stock … quantitative extent of capital measurement error when the initial condition is unknown to the analyst and when capacity utilization … and depreciation are endogenous. We propose two alternative measurements which eliminate capital stocks from the …

investment affects some key macro variables, namely, market sector gross value added (MGVA), business investment, capital and … labour shares, growth in labour and total factor productivity, and capital deepening. We find (a) MGVA was understated by … productivity and capital deepening has been understated and growth in total factor productivity overstated (e) total factor …

productivity (TFP) growth in economics and management, yet little is known about its precision, especially when the capital stock … quantitative extent of capital measurement error when the initial condition is unknown to the analyst and when capacity utilization … and depreciation are endogenous. We propose two alternative measurements which eliminate capital stocks from the …

, intangible capital accounted for almost 35 percent of labor productivity growth in the Swedish business sector in 1995–2004. Thus …

member states from 1998 to 2007. We find that (a) the marginal impact of ICT capital is higher when it is complemented with … intangible capital, and (b) non-R&D intangible capital has a higher estimated output elasticity than its conventionally …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …

2003), and that this leads to the exclusion of more than $3 trillion of business intangible capital stock. To assess the … importance of this omission, we add intangible capital to the standard sources-of-growth framework used by the BLS, and find that … growth. The rate of change of output per worker increases more rapidly when intangibles are counted as capital, and capital …