It is commonly asserted that the standard wage equation derived from bargaining theory cannot be identified. Here, it is argued that the case for this alleged failure rests on an outmoded definition of identification. Newer concepts based on non-stationarities, cointegration and reduced rank are...

Updates previous ONS work to improve estimates of the above, including application of OECD software taskforce methodology.This article updates previous work undertaken by the Office for National Statistics to improve estimates of software investment in the UK. The methodology recommended by the...