This article provides a brief overview of the role of information and communication technologies (ICT) as a driver of productivity. In particular, it focuses on the diffusion of computers and the Internet at the workplace and discusses the relationship with wages, the task composition of...

This paper addresses a puzzle in China’s investment pattern: despite high aggregate investment and remarkable economic growth, negative investment is commonly found at the microeconomic level. Using a large firm-level dataset, we show that private firms divest in order to raise capital. We...