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Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks

Feyrer, James; Shambaugh, Jay C. - National Bureau of Economic Research (NBER) - 2009

This paper examines the effect of exogenous shocks to savings on world capital markets. Using the exogenous shocks to US tax policy identified by Romer & Romer, we trace the impact of an exogenous shock to savings through the income accounting identities of the US and the rest of the world. We...

Persistent link: https://www.econbiz.de/10005036810

What Drives Aggregate Investment?

Bachmann, Rüdiger; Zorn, Peter - National Bureau of Economic Research (NBER) - 2013

Using firm-level survey data for the West German manufacturing sector, this paper revisits the technology-driven business cycle hypothesis for the case of aggregate investment. We construct a survey-based measure of technology shocks to gauge their contribution to short-run investment...

Persistent link: https://www.econbiz.de/10010969200

Intangible Capital and Economic Growth

Sichel, Daniel; Corrado, Carol A.; Hulten, Charles R. - National Bureau of Economic Research (NBER) - 2006

becomes the unambiguously dominant source of growth in labor productivity. The role of multifactor productivity is …

Persistent link: https://www.econbiz.de/10005036821

The Case of the Missing Productivity Growth: Or, Does Information Technology Explain why Productivity Accelerated in the US but not the UK?

Basu, Susanto; Fernald, John; Oulton, Nicholas; … - National Bureau of Economic Research (NBER) - 2003

We argue that unmeasured investments in intangible organizational capital associated with the role of information and communications technology (ICT) as a general purpose technology' can explain the divergent U.S. and U.K. TFP performance after 1995. GPT stories suggest that measured TFP should...

Persistent link: https://www.econbiz.de/10005088683

The Integration of the Canadian Productivity Accounts within the System of National Accounts: Current Status and Challenges Ahead

Harchaoui, Tarek M.; Baldwin, John R. - National Bureau of Economic Research (NBER) - 2005

A statistical agency faces several challenges in building Productivity Accounts. What started out as a request for … simple ratios of output to employment has moved to a demand for multifactor (total factor) productivity measures that take … quality of outputs. The challenge that faces users of productivity measures is that many series often exist within statistical …

Persistent link: https://www.econbiz.de/10005085328

Americans Do I.T. Better: US Multinationals and the Productivity Miracle

bloom, nicholas; Sadun, Raffaella; van Reenen, John - National Bureau of Economic Research (NBER) - 2007

The US has experienced a sustained increase in productivity growth since the mid-1990s, particularly in sectors that … intensively use information technologies (IT). This has not occurred in Europe. If the US "productivity miracle" is due to a … abroad. This paper shows in fact that US multinationals operating in the UK do have higher productivity than non …

Persistent link: https://www.econbiz.de/10005723169

Productivity Growth and Levels in France, Japan, the United Kingdom and the United States in the Twentieth Century

MAIRESSE, Jacques; Cette, Gilbert; Kocoglu, Yusuf - National Bureau of Economic Research (NBER) - 2009

and knowledge spillovers. Most recently (in 2006), before the current financial world crisis, hourly labor productivity …This study compares labor and total factor productivity (TFP) in France, Japan, the United Kingdom and the United … experienced contrasting advances in productivity, in particular as a result of unequal investment in information and communication …

Persistent link: https://www.econbiz.de/10008614669

The Marginal Products of Residential and Non-Residential Capital Through 2009

Mulligan, Casey; Threinen, Luke - National Bureau of Economic Research (NBER) - 2010

Estimates of the marginal product of capital can help forecast economic growth, test competing business cycle theories, and perform cost-benefit analysis. This paper presents annual and quarterly estimates of the marginal product of capital in the U.S. separately for the residential and...

Persistent link: https://www.econbiz.de/10008622319

An Exploration of Local R&D Spillovers in France

MAIRESSE, Jacques; MULKAY, Benoît - National Bureau of Economic Research (NBER) - 2008

This paper is an attempt to assess the existence and magnitude of local research spillovers in France. We rely on the … manufacturing industries. The estimated elasticities of productivity with respect to R&D capital are significant and plausible, both …

Persistent link: https://www.econbiz.de/10005580341

International Comparisons of R&D Expenditure: Does an R&D PPP Make a Difference?

Dougherty, Sean M.; Inklaar, Robert; van Ark, Bart; … - National Bureau of Economic Research (NBER) - 2007

Purchasing power parities (PPPs) for R&D expenditure in 19 manufacturing industries are developed for France, Germany, Japan, the Netherlands and the United Kingdom relative to the United States for the years 1997 and 1987. These PPPs are based on R&D input prices for specific cost categories...

Persistent link: https://www.econbiz.de/10005720303