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I boken Bortom dot.com-företagen sammanfattar Robert E. Litan och Alice Rivlin resultaten från en utvärdering som gjorts av Brookingsinstitutet. I denna slås det fast att Internet kommer att möjliggöra en 0,25 till 0,5 procentenheter högre produktivitetstillväxt per år i den amerikanska...
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Due to the unobservability of the new credit production, most of the empirical loan market studies use, instead, the observable credit stock. This substitution has been pointed out to be likely to generate biases (e.g. see Lown and Peristiani (1996)). In this paper, we show that under quite...
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