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We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US between 2008 and 2016. Using monetary policy surprises, obtained from changes in interest rates futures in narrow windows around FOMC announcements, we isolate the increased...
Persistent link: https://www.econbiz.de/10011975741
We investigate the impact of investment in automation-related goods on adopting and non-adopting firms in the Italian economy during 2011-2019. We integrate datasets on trade activities, firms', and workers' characteristics for the population of Italian importing firms and estimate the effects...
Persistent link: https://www.econbiz.de/10014383690
digital economy more broadly – on economic growth for Europe and the United States since the late 1990s until most recently …. The paper provides estimates on the contributions from ICT to growth from three channels affecting the long-term growth … beyond the direct capital deepening effect. The study finds that the slowing of the total factor productivity growth rate in …
Persistent link: https://www.econbiz.de/10012982248
.5-0.7pp in yearly total factor productivity growth. These losses are permanent, and without adaptation would reflect a lower … long-term growth rate for these firms. These findings may help explain larger observed declines in the productivity growth …
Persistent link: https://www.econbiz.de/10012965518
respect to value added, wages (labor), total assets (capital), and their productivity vis-à-vis growth during period of 1987 …
Persistent link: https://www.econbiz.de/10014161886
We examine the growth rate of Total Factor Productivity (TFP) for fifteen 2-digit sectors of the Greek economy during … estimations show that the vast majority of the sectors suffered negative TFP growth, primarily during the period of the economic … this negative rate of change slowed down. Exporting firms exhibit less negative TFP growth, likely because the production …
Persistent link: https://www.econbiz.de/10014254267
-level observations to empirically investigate the impact of digitalisation on productivity growth via various previously unexplored chan … share of investment in digital technologies will exhibit a faster rate of TFP growth, but not all firms and sectors …
Persistent link: https://www.econbiz.de/10014254274
Productivity reflects not only how efficiently inputs are transformed into outputs, but also how well information is brought to bear on resource allocation decisions. This paper examines how information technology has affected capacity utilization in the trucking industry. Estimates using 1997...
Persistent link: https://www.econbiz.de/10014089520
Productivity reflects not only how efficiently inputs are transformed into outputs, but also how well information is brought to bear on resource allocation decisions. This paper examines this empirically by looking at how on-board computer (OBC) adoption has affected capacity utilization in the...
Persistent link: https://www.econbiz.de/10014125353
The advent of cloud computing promises to improve the way firms utilize IT solutions. Firms are expected to replace large and inflexible fixed-cost investments in IT with more targeted variable spending in cloud solutions. In addition, cloud usage is expected to increase the productivity of...
Persistent link: https://www.econbiz.de/10014076705