Basu, Susanto; Fernald, John - Federal Reserve Bank of San Francisco - 2006
knowledge capital. For example, faster information
processing might allow firms to think of new ways of communicating with … accumulated by ICT users is
3
knowledge, which is a non-rival good, it would be natural to expect spillovers. For … intangible knowledge. In this model, the productivity
acceleration should be positively correlated with lagged ICT capital …