productivity by as much as 6%, suggesting large "productivity costs" of business cycles. …

We study the role of productivity convergence and financial conditions in the recent growth experience of Hungary. We … build a stochastic, small-open economy growth model with productivity convergence, capital accumulation and external … borrowing. Using empirically identified processes for productivity and the external interest premium, we simulate the effects of …

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 …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …

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 …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …

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 …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …

efficiency of countries by considering three major channels of embodied and disembodied spillovers, namely trade, foreign direct … behind productivity and technical progress, while the effects of FDI- and patent-related spillovers are significantly smaller …With ever increasing global integration, productivity improvements depend not only on in-house innovative efforts, but …

We investigate the role rates of return and rates of asset price decline play in explaining sources of productivity … somewhat downplay the role investment played relative to growth in multi-factor productivity in the UK and the US during 1995 … − 2000. Moreover, we show that more than half of the ICT contribution to labor productivity growth results from growth in …