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Burda, Michael C. (contributor); … - 2008

For more than fifty years, the Solow decomposition (Solow 1957) has served as the standard measurement of total factor … 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 …

Persistent link: https://www.econbiz.de/10003770644

New Technologies and Productivity Growth in the Euro Area

Vijselaar, Focco; Albers, Ronald M. - 2021

This paper provides an overview of the currently available evidence on the importance of information and communication technologies (ICT) for developments in productivity growth in the euro area. On the basis of the available data, there is evidence of an increased contribution of ICT to...

Persistent link: https://www.econbiz.de/10013320252

Intangible Capital and Economic Growth

Corrado, Carol - 2006

Published macroeconomic data traditionally exclude most intangible investment from measured GDP. This situation is beginning to change, but our estimates suggest that as much as $800 billion is still excluded from U.S. published data (as of 2003), and that this leads to the exclusion of more...

Persistent link: https://www.econbiz.de/10012732623

Knowledge Spillovers, ICT and Productivity Growth

Corrado, Carol - 2014

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 member states from 1998 to 2007. We find that (a) the...

Persistent link: https://www.econbiz.de/10013051449

Knowledge spillovers, ICT and productivity growth

Corrado, Carol; Haskel, Jonathan; Jona-Lasinio, Cécilia - 2014

Persistent link: https://www.econbiz.de/10010374120

Demand Adjusted Capital Input and Potential Output in the Context of U.S. Economic Growth

Bitros, Georgios (George) C. - 2019

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

Investment-Specific Technical Change in the Us 1947-2000 : Measurement and Macroeconomic Consequences

Cummins, Jason G.; Violante, Giovanni L. - 2002

By extrapolating Gordon's (1990) measures of the quality-bias in the official price indexes, we construct quality-adjusted price indexes for 24 types of equipment and software (E&S) from 1947 to 2000 and use them to measure technical change at the aggregate and at the industry level....

Persistent link: https://www.econbiz.de/10014120485

Solow residuals without capital stocks

Burda, Michael C.; Severgnini, Battista - 2008

Persistent link: https://www.econbiz.de/10010265668

Financial Sector Development and Economic Growth : The Case of Ghana (1980-2009)

Yeboah, Daniel - 2016

This study examines the relationship between Financial Sector Development and Economic Growth in Ghana using time series data from 1980-2009. The study investigates empirically the impact of financial sector development on economic growth in Ghana using the Granger Causality Test, the Johansen...

Persistent link: https://www.econbiz.de/10014126296

Accounting for Economic Growth in Taiwan and Mainland China : A Comparative Analysis

Chow, Gregory C.; Lin, An-loh - 2002

Aggregate economic growth is studied using Cobb-Douglas production functions. For Taiwan, new capital stock and human capital data are constructed. We find a constant labor exponent of about 0.7, assuming constant returns; a constant rate of increase in total factor productivity (TFP) of about...

Persistent link: https://www.econbiz.de/10014109430