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Persistent link: https://www.econbiz.de/10013169363
compensatory effects of improving productivity in infrastructure-related sectors. We employ the KLEMS annual dataset for a group of … shocks in the sectors most affected by COVID 19, we find that large productivity improvements in infrastructure - equivalent …This paper examines sectoral productivity shocks of the COVID-19 pandemic, their aggregate impact, and the possible …
Persistent link: https://www.econbiz.de/10012604895
infrastructure spillovers to productivity and, consequently, results in incredibly high estimates of infrastructure elasticity … modelling of the relationship (i.e. a cointegration) reflects the important positive role of infrastructure on productivity … differenced data found infrastructure has no discernible effect on productivity. In addition, applying a causality test suggests a …
Persistent link: https://www.econbiz.de/10013054535
This paper focuses on the question whether public infrastructure capital matters for labor productivity in China, both … over time and across regions. It finds that public infrastructure is a significant determinant of variations in labor … productivity across provinces, but the contribution of public capital to labor productivity growth over time is likely non …
Persistent link: https://www.econbiz.de/10013319500
This paper estimates the non-linear impact of ICT network on motorway contribution to total factor productivity. Using …
Persistent link: https://www.econbiz.de/10011603834
This article investigates the role played by public capital in increasing the productivity levels in Italy. For …
Persistent link: https://www.econbiz.de/10013131537
This paper investigates on the role played by public capital in increasing the productivity levels in Italy. For the …
Persistent link: https://www.econbiz.de/10014051046
the productivity and the social returns of infrastructure. The results show a decrease over time and the existence of … important regional differences in both productivity and social returns of infrastructure. Hence, the effects of infrastructures … elasticity of infrastructure and the change on its values across regions. We estimate the elasticity for each region to calculate …
Persistent link: https://www.econbiz.de/10010992216
This paper investigates the nonlinearity in the effects of news shocks about technological innovations. In a maximally flexible logistic smooth transition vector autoregressive model, state-dependent effects of news shocks are identified based on medium-run restrictions. We propose a novel...
Persistent link: https://www.econbiz.de/10011967392
and apply it to study the macroeconomic effects of the Covid shock. The initial outbreak is represented as the onset of a … new shock process where the shock loads on wedges associated with the model's usual shocks. Realizations of the Covid … shock come with news about its propagation, allowing us to disentangle the role of beliefs about the future of the pandemic …
Persistent link: https://www.econbiz.de/10013375147