planner, on the aggregate investment in the new technology. The optimal policy has a Pigou's flavor but accounts for the non …

Firm heterogeneity explains the productivity driven selection mechanism that determines aggregate productivity growth …

a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU …This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …

Firm heterogeneity explains the productivity driven selection mechanism that determines aggregate productivity growth …