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Christine Greenhalgh explains the complex process of innovation & how it sustains the growth of firms, industries …
Persistent link: https://www.econbiz.de/10003838745
income trap" as China exhausts the benefits of international technology transfer. IKC is productivity-enhancing among Chinese … enterprises - more so in domestically owned than in foreign invested enterprises. Consistent with other research, we find that …
Persistent link: https://www.econbiz.de/10010224593
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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 …
Persistent link: https://www.econbiz.de/10010374120
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While there is growing evidence of persistent or even permanent output losses from financial crises, the causes remain unclear. One candidate is intangible capital - a rising driver of economic growth that, being non-pledgeable as collateral, is vulnerable to financial frictions. By sheltering...
Persistent link: https://www.econbiz.de/10012840222
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productivity growth. This paper offers a quantitative study on the link between uncertainty and low productivity growth. Firstly … Recession. Secondly, to investigate the effect of uncertainty on productivity growth dynamics, I present a novel general … productivity growth when accounting for the empirical discrepancy between the realised and expected changes to the second-moment of …
Persistent link: https://www.econbiz.de/10012243292
This paper presents new evidence on the impact of intangible capital on productivity dispersion within industries. It … first shows that rise in productivity dispersion after 2000 is more pronounced in intangible-intensive industries; then … analyses the link between intangible capital intensity and productivity dispersion both at the top and at the bottom of the …
Persistent link: https://www.econbiz.de/10012630294
productivity growth based on growth accounting and econometric estimation of production functions. The growth accounting … contribution of intangibles to labor productivity growth is generally highest in manufacturing and finance. The estimated output … elasticity of intangibles lies between 0.1 and 0.2, considerably below values found in previous research using aggregate data. …
Persistent link: https://www.econbiz.de/10009787409