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Local amenities play an important role in determining where we choose to live and our overall quality of life. In many cases, however, amenities do not have prices and will therefore be underprovided by the market. In this paper, we use county level data for England and Wales to estimate...
Persistent link: https://www.econbiz.de/10005401175
The Bank of England and HM Treasury launched the Funding for Lending Scheme (FLS) in order to encourage lending to households and companies. The FLS offers funding to banks and building societies for an extended period. And it encourages them to supply more credit by making more and cheaper...
Persistent link: https://www.econbiz.de/10010839084
Persistent link: https://www.econbiz.de/10006431208
Persistent link: https://www.econbiz.de/10006081704
We use a new industry-level dataset to quantify the role of ICT in explaining productivity growth in the UK, 1970-2000. The dataset is for 34 industries covering the whole economy (31 in the market sector). Using growth accounting, we find that ICT capital played an increasingly important, and...
Persistent link: https://www.econbiz.de/10010745929
We argue that unmeasured investments in intangible organizational capital associated with the role of information and communications technology (ICT) as a general purpose technology' can explain the divergent U.S. and U.K. TFP performance after 1995. GPT stories suggest that measured TFP should...
Persistent link: https://www.econbiz.de/10005088683
Persistent link: https://www.econbiz.de/10005096346
We argue that unmeasured investments in intangible organizational capital—associated with the role of information and communications technology (ICT) as a ‘general purpose technology’—can explain the divergent U. S. and U. K. TFP performance after 1995. GPT stories suggest that measured...
Persistent link: https://www.econbiz.de/10005664353
We estimate the rate of total factor productivity growth in Indian manufacturing industry for the period 1973-1992, and compare the results to those obtained by Young for the East Asian Tigers. We then interpret our results in light of Krugman's hypothesis that, because the Asian Miracle was...
Persistent link: https://www.econbiz.de/10005580810
Local amenities play an important role in determining where we choose to live and our overall quality of life (QOL). In many cases, however, amenities do not have prices and will therefore be underprovided by the market. In this paper, we use individual and county level data for England and...
Persistent link: https://www.econbiz.de/10005682152