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How Much Does the UK Invest in Intangible Assets?

Giorgio Marrano, Mauro; Haskel, Jonathan - C.E.P.R. Discussion Papers - 2007

the US. Their work suggests private sector expenditure (investment) on intangibles is about 13% (11%) of US GDP 1998 … private sector spent, in 2004, about £127bn on intangibles, which is about 11% of UK GDP. The implied investment figure is …

Persistent link: https://www.econbiz.de/10005656338

Public Support for Innovation, Intangible Investment and Productivity Growth in the UK Market Sector

Haskel, Jonathan; Wallis, Gavin - C.E.P.R. Discussion Papers - 2010

Pressure on public finances has increased scrutiny of public support for innovation. We examine two particular issues … innovation policy should focus on direct spending on research councils. …

Persistent link: https://www.econbiz.de/10008468645

Towards a Theory of Firm Entry and Stabilization Policy

Bergin, Paul R; Corsetti, Giancarlo - C.E.P.R. Discussion Papers - 2005

This paper explores the role of stabilization policy in a model where firm entry responds to shocks and uncertainty. We evaluate stabilization policy in the context of a simple analytically solvable sticky price model, where firms have to prepay a fixed cost of entry. The presence of endogenous...

Persistent link: https://www.econbiz.de/10005497957

What Caused the Decline in U. S. Business Cycle Volatility?

Gordon, Robert J - C.E.P.R. Discussion Papers - 2005

are compared. The second innovation in this paper is to reinterpret the role of changes in Fed monetary policy. Previous …

Persistent link: https://www.econbiz.de/10005067357

Factor Adjustments after Deregulation: Panel Evidence from Colombian Plants

Eslava, Marcela; Haltiwanger Jr, John C; Kugler, Adriana D. - C.E.P.R. Discussion Papers - 2005

In this paper, we analyse employment and capital adjustments using a panel of plants from Colombia. We allow for nonlinear adjustment of employment to reflect not only adjustment costs of labour but also adjustment costs of capital, and vice-versa. Using data from the Annual Manufacturing...

Persistent link: https://www.econbiz.de/10005124008

Knowledge Spillovers, ICT and Productivity Growth

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

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 member states from 1998 to 2007. We find that (a) the...

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

Two Notes on Economic Growth and the Solow Model

Cohen, Daniel - C.E.P.R. Discussion Papers - 1993

The two notes deal (from different angles) with the extension of the Solow model that has been offered by Mankiw, Romer and Weil (MRW). In this `extended Solow' model, physical capital enters the production function with the same weight as human capital and both weights are about 1/3. The first...

Persistent link: https://www.econbiz.de/10005792396

Revisiting U. S. productivity Growth over the Past Century with a View of the Future

Gordon, Robert J - C.E.P.R. Discussion Papers - 2010

This paper provides three perspectives on long-run growth rates of labor productivity (LP) and of multi-factor productivity (MFP) for the U. S. economy. It extracts statistical growth trends for labor productivity from quarterly data for the total economy going back to 1952, provides new...

Persistent link: https://www.econbiz.de/10008607509

An Innovation Index Based on Knowledge Capital Investment: Definition and Results for the UK Market Sector

Clayton, Tony; Dal Borgo, Mariela; Haskel, Jonathan - C.E.P.R. Discussion Papers - 2009

We (a) propose an implementable innovation index, (b) relate it to existing innovation definitions and (c) show whole …-economy and industry-specific results for the UK market sector, 2000-2005. Our innovation measure starts by observing that we … could get more GDP without innovation by simply duplicating existing physical capital and labour (e.g. adding a second …

Persistent link: https://www.econbiz.de/10005124259

FDI and Domestic Investment: An Industry-Level View

Arndt, Christian; Buch, Claudia M.; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2007

Previous empirical work on the link between domestic and foreign investment provides mixed results which partly depend on the level of aggregation of the data. We argue that the aggregated home country implications of foreign direct investment (FDI) cannot be gauged using firm-level data....

Persistent link: https://www.econbiz.de/10005504317