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While there is growing evidence of persistent or even permanent output losses from financial crises, the causes remain unclear. One candidate is intangible capital - a rising driver of economic growth that, being non-pledgeable as collateral, is vulnerable to financial frictions. By sheltering...
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deepening becomes the unambiguously dominant source of growth in labor productivity. The role of multifactor productivity is …
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becomes the unambiguously dominant source of growth in labor productivity. The role of multifactor productivity is …
Persistent link: https://www.econbiz.de/10012761773
This contribution analyzes the impact of intangible capital on labor productivity growth across countries at the … capital deepening accounts for around 40 percent of labor productivity growth at both the aggregate and sectoral level. Second …, we find that this positive impact of intangible capital on productivity growth at both levels of aggregation is driven by …
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This contribution analyzes the impact of intangible capital on labor productivity growth across countries at the … capital deepening accounts for around 50 percent of labor productivity growth at both the aggregate and sectoral level. Second …, we find that this positive impact of intangible capital on productivity growth at both levels of aggregation is driven by …
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