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Knowledge Spillovers, ICT and Productivity Growth

Corrado, Carol; Haskel, Jonathan; Jona-Lasinio, Cecilia - C.E.P.R. Discussion Papers - 2014

member states from 1998 to 2007. We find that (a) the marginal impact of ICT capital is higher when it is complemented with …

Persistent link: https://www.econbiz.de/10011084334

Information Technology, Efficient Restructuring and the Productivity Puzzle

Grüner, Hans Peter - C.E.P.R. Discussion Papers - 2007

(ICT). But why have the same technologies not similarly increased Europe's labour productivity? This paper provides a … improvement in the ICT can yield significant increases in labour productivity if - and only if - the organization is drastically …

Persistent link: https://www.econbiz.de/10005124167

European Economic Growth, 1950-2005: An Overview

Crafts, Nicholas; Toniolo, Gianni - C.E.P.R. Discussion Papers - 2008

This paper surveys the extensive literature on European economic growth since 1950. It presents an overview of comparative growth performance together with benchmarked growth accounting estimates. The growth experience is considered in terms of three periods, the Golden Age of 1950-73, the...

Persistent link: https://www.econbiz.de/10005124329

Together but Apart: ICT and Productivity Growth in Israel

Lach, Saul; Shiff, Gil; Trajtenberg, Manuel - C.E.P.R. Discussion Papers - 2008

the US productivity revival and in the evolving US-EU productivity gap. In Israel, the ICT sector grew very rapidly during … the success of the ICT sector. The main goal of this paper is to shed light on these twin developments. We use newly … constructed data on industry-level ICT investments between 1990 and 2003 and estimate production functions for manufacturing …

Persistent link: https://www.econbiz.de/10005124405

Which International Institutions Promote International Trade?

Rose, Andrew K - C.E.P.R. Discussion Papers - 2003

This Paper estimates the effect on international trade of three multilateral organizations intended to increase trade: 1) the World Trade Organization (WTO) and its predecessor the Generalized Agreement on Tariffs and Trade (GATT); 2) the International Monetary Fund (IMF); and 3) the...

Persistent link: https://www.econbiz.de/10005504751

Economic Freedom in the Long Run: Evidence from OECD Countries (1850-2007

Prados de la Escosura, Leandro - C.E.P.R. Discussion Papers - 2014

This paper presents historical indices for the main dimensions of economic freedom and an aggregate index for nowadays developed countries -(pre-1994) OECD, for short-. Economic liberty expanded over the last one-and-a-half centuries, reaching two thirds of its maximum possible. Its evolution...

Persistent link: https://www.econbiz.de/10011083985

Political Cycles in OECD Economies

Alesina, Alberto F; Roubini, Nouriel - C.E.P.R. Discussion Papers - 1990

This paper studies whether the dynamic behaviour of GNP growth, unemployment and inflation is systematically affected by the timing of elections and changes of government. The sample includes the last three decades in 18 OECD economies. We test explicitly the implications of several models of...

Persistent link: https://www.econbiz.de/10005067672

Fiscal Adjustment to Cyclical Developments in the OECD: An Empirical Analysis Based on Real-Time Data

Beetsma, Roel; Giuliodori, Massimo - C.E.P.R. Discussion Papers - 2008

We explore how fiscal policies in the OECD have responded to unexpected information about the economy during the period 1995-2006. In particular, we first estimate standard fiscal rules using ex-ante data (i.e. forecasts). We then estimate how fiscal policy reacts to new information, especially...

Persistent link: https://www.econbiz.de/10005791832

Estimating Loss Function Parameters

Elliott, Graham; Komunjer, Ivana; Timmermann, Allan G - C.E.P.R. Discussion Papers - 2003

In situations where a sequence of forecasts is observed, a common strategy is to examine ‘rationality’ conditional on a given loss function. We examine this from a different perspective - supposing that we have a family of loss functions indexed by unknown shape parameters, then given the...

Persistent link: https://www.econbiz.de/10005791975

Does the Recent Success of some OECD Countries in Lowering their Unemployment Rates lie in the Clever Design of their Labour Market Reforms?

Belot, Michèle; Ours, Jan C van - C.E.P.R. Discussion Papers - 2000

The development of the unemployment rate differs substantially between OECD countries. In recent years some countries have experienced a mild increase, other countries have had a stable unemployment rate, while there are also ‘successful’ countries in which the unemployment rate has...

Persistent link: https://www.econbiz.de/10005123659