Report on US National Science Foundation Grant SRS/SES 00-99594

An earlier version of this paper was presented at the International Symposium on Productivity, Competitiveness and Globalisation at Banque de France on 4 November 2005. The present paper is updated and extended. The paper makes use of earlier work, including Van Ark (2005), O’Mahony and Van...

This work was supported by The National Science Foundation project “Internationally Comparable Science, Technology, and Competitiveness Indicators” (SRS00-99594) and the International Economic program of The Conference Board. Inklaar, McGuckin and van Ark are with The Conference Board and...

Purchasing power parities (PPPs) for R&D expenditure in 19 manufacturing industries are developed for France, Germany, Japan, the Netherlands and the United Kingdom relative to the United States for the years 1997 and 1987. These PPPs are based on R&D input prices for specific cost categories...

Effectively predicting cyclical movements in the economy is a major challenge. While there are other approaches to forecasting, the U.S. leading index has long been used to analyze and predict economic fluctuations. We describe and test a new procedure for making the index more timely. The new...

This paper reports real-time out-of-sample tests of the ability of the U.S. Index Leading Economic Indicators (LEI) to forecast the economy using "composition-changing" "as-published" versions of the LEI. It is an extension of recent work that focused on forecasts with a "composition-constant"...

This article is based on a study by Bart van Ark, Robert Inklaar and Robert H. McGuckin (2002a), "Changing Gear: Productivity, ICT and Service: Europe and the United States," Research Memorandum GD60, Groningen Growth and Development Centre (downloadable from http://www.eco.rug.nl/ggdc).

In this paper we analyse labour productivity growth in 51 industries in European countries and the United States. Using shift-share techniques we identify the industries in which the U.S. is leading most strongly. With a detailed decomposition analysis we identify whether the sources of the U.S....

We model the production and use of knowledge investment and show how the model can be used to infer the unknown price of knowledge using two approaches. The first is often used by national accounting offices and is based on costs in the knowledge-producing sector. We show this implicitly assumes...