Showing 1 - 10 of 166
could get more GDP without innovation by simply duplicating existing physical capital and labour (e.g. adding a second … addition existing physical capital and labour. In our measure this is the contribution to GDP growth of market sector … investment in knowledge (or intangible) capital. This contribution is measured from company spending on knowledge …
Persistent link: https://www.econbiz.de/10010271890
member states from 1998 to 2007. We find that (a) the marginal impact of ICT capital is higher when it is complemented with … intangible capital, and (b) non-R&D intangible capital has a higher estimated output elasticity than its conventionally …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …
Persistent link: https://www.econbiz.de/10010377291
member states from 1998 to 2007. We find that (a) the marginal impact of ICT capital is higher when it is complemented with … intangible capital, and (b) non-R&D intangible capital has a higher estimated output elasticity than its conventionally …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …
Persistent link: https://www.econbiz.de/10010790516
could get more GDP without innovation by simply duplicating existing physical capital and labour (e.g. adding a second … addition existing physical capital and labour. In our measure this is the contribution to GDP growth of market sector … investment in knowledge (or intangible) capital. This contribution is measured from company spending on knowledge …
Persistent link: https://www.econbiz.de/10005761737
covers the period 1993-2005. The estimates indicate that it is advantageous to adjust the stock of labour and capital … simultaneously. The cost advantage of simultaneous changes is small for capital but is large for labour. The empirical results …
Persistent link: https://www.econbiz.de/10010278762
covers the period 1993-2005. The estimates indicate that it is advantageous to adjust the stock of labour and capital … simultaneously. The cost advantage of simultaneous changes is small for capital but is large for labour. The empirical results …
Persistent link: https://www.econbiz.de/10008765234
Chapter 6 from the forthcoming Inclusive Wealth Report 2022 looks at human capital in greater detail, based on the … latest human capital estimates from the Inclusive Wealth Report (IWR) project. In the chapter, which is repeated here, the … growth of human capital and several of its constituent factors are broken down by gender and by region, and in some cases …
Persistent link: https://www.econbiz.de/10013351812
The COVID-19 pandemic has led to an explosion of research using private-sector datasets to measure business dynamics and employment in real-time. Yet questions remain about the representativeness of these datasets and how to distinguish business openings and closings from sample churn – i.e.,...
Persistent link: https://www.econbiz.de/10013426364
This paper develops a novel procedure for proxying economic activity with day-time satellite imagery across time periods and spatial units, for which reliable data on economic activity are otherwise not available. In developing this unique proxy, we apply machine-learning techniques to a...
Persistent link: https://www.econbiz.de/10013426404
From 2010 to 2019, personal earnings inequality declined in the United States (U.S.) for the first time in decades, yet household income inequality continued to increase. Discordance between trends in personal earnings inequality and household income inequality was greater than in any other...
Persistent link: https://www.econbiz.de/10014533910